Author Question: An income tax in which the average tax rate increases with income is called a A) regressive ... (Read 154 times)

sabina · **on:** Jun 29, 2018

An income tax in which the average tax rate increases with income is called a

A) regressive income tax.
B) proportional income tax.
C) flat-rate income tax.
D) progressive income tax.

Question 2

Because consumers value product variety

A) society must be more efficient with monopolistic competition than with perfect competition.
B) the inefficiency and deadweight loss created by monopolistic competition is offset.
C) in the long run, monopolistically competitive firms earn an economic profit.
D) monopolistically competitive industries are efficient.