Answer:
flat tax is a set percentage that dies not change
graduated tax changes according to the amount being taxed. usually, the higher the amount, the higher the tax rate is.
Answer: B. The Fed cannot control the amount of money that households choose to hold as currency.
Explanation: If the Federal government wants to control the money supply, they will buy government bonds. For the Fed to pay for the bonds, the Fed will creates money. Its purchase of bonds will put the new money in the hands of the public.
But one thing the federal government cannot control is the amount of money households choose to hold as currency.
Answer:
The answer are: ... are a combination of the central planning system and the price system.
Explanation:
Every economy in the world is a mixture of capitalism and socialism. In capitalism the fee market is absolute king, it sets prices and supply and demand of products. In socialist countries the government plans the economy and decides supply and demand of goods and services.
No country is purely capitalist since taxes exist and the government always intervenes with regulations and public services, etc. No country is purely socialist either, not even North Korea, since all the economies need to trade with their neighbors and people will always want to prosper.
So countries try to manage their economies in a mixture, some are more capitalist like the US and Canada, and some are more socialist like North Korea and Venezuela. The EU is sort of in the middle of both ideologies.
