If a tax rate falls as a person's income rises, the tax is a:
a. proportional tax.
b. progressive tax.
c. regressive tax.
d. poll tax.
e. constant tax.
Question 2
Comparative advantage indicates that:
a. specialization and exchange will permit trading partners to maximize their joint consumption.
b. a nation can gain from trade only if it is not at an absolute disadvantage in producing all goods.
c. a nation can gain from trade only when its trading partners are not low-wage countries.
d. countries should export products for which they are high-opportunity cost producers.
The Rate Law
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
Mark Twain supplemented his income as a writer by giving humorous lectures.
Global Stratification: Income of the World's Nations
Relationship between Income per Capita and Population Growth
Outgroup role in relative rate test