Unformatted text preview: b. decreased c. stayed constant d. no particular trend. 4. If a country taxes income at an average rate that is increasing in income level, then we call this: a. Progressive tax b. Regressive tax c. Flat income tax d. Neither of the above 5. The final exam for Econ 251 is going to cover: a. All class material (cumulative exam) b. Only material after midterm #2 c. Only the first 5 chapters d. Only odd number chapters...
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This note was uploaded on 10/04/2011 for the course ECONOMICS 251 taught by Professor Kelly during the Spring '11 term at Purdue.
- Spring '11