Which of the following characteristics does not describe the features of a command economy scarcity and rationing a good afternoon occur

The market is inefficient

individuals can decide what to produce and how much to produce

there are fewer choices than in the market economy

How is a proportional tax different from a progressive tax? a. a proportional tax decreases with income level, but a progressive tax increases with income level. b. a proportional tax increases with income level, but a progressive tax decreases with income level. c. a proportional tax increases with income level, but a progressive tax is the same percentage for all. d. a proportional tax is the same percentage for all, but a progressive tax increases with income level.

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak