Question 3 (1 point)Which of the following taxes contributes most to decreasing inequality in the distribution of income? aImport tariffs on necessities bExcise taxes cProportional income taxes dProgressive income taxes

Question 1 (1 point)Which of the following is most likely to reduce inequality in a country's distribution of income? aJob training for low-skill workers bAn increase in the population growth rate cAn increase in the trade deficit dA decrease in funding for training unemployed workers

____ income taxes and payroll taxes _____ after-tax incomes, which _____ consumption and therefore reduces aggregate expenditure.Group of answer choicesLower; raise; decreasesLower; lower; increasesHigher; raise; increasesHigher; lower; decreases

6. The economic incidence of a tax is larger on consumers: (i) The larger is the elasticity of demand relative to the elasticity of supply. (ii) The more salient is the tax. (iii) The less salient is the tax. (iv) The more inelastic is supply.

A decrease in individual income taxes​ ________ disposable​ income, which​ ________ consumption spending. a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases

Multiple Select QuestionSelect all that applyWhich of the following government policies may reduce the economic profits of a firm?Multiple select question.The imposition of a tariff on imported goodsAn increase in income taxes for individuals making more than $100,000 a yearThe removal of a tariff on imported goodsA regulation forcing firms to reduce their carbon output