GMU 3rd year units 6

A special tax is ...on very high incomes.

• outlaid

• imposed

• incured

He had a\an ... for crime.

• implication

• saddle

• propensity

In a ... tax system, rich people pay a higher percentage of their income as taxes than do poor people.

• proportional

• progressive

• regressive

... are those workers who benefit from the existence of labor unions, but who don't belong to a union.

• Rivals

• Free riders

• Taxpayers

The most cost-effective policy is one that has the smallest ... in achieving certain policy goals.

• multiplier effect

• deadweight loss

• net benefit

The frequent ... of earthquakes in the area means that the buildings must be specifically designed to withstand the force.

• implication

• expansion

• occurrence

The extra cost of travelling to work is ... by the lower price of houses here.

• shifted

• imposed

• offset

Usually they are motivated to share their new knowledge with other workers, so that there is a\an ... from the training.

• multiplier effect

• cost of capital

• economic equilibrium

It's a problem that we will need to continue to monitor and ... .

• remediate

• bring forth

• rival

The total value of goods and services produced by a country in one year is called ... .

• Gross Domestic Product

• Gross National Product

• Value-Added Tax