« previous next »

Author Question: Suppose that the income tax in the United States was such that all households had to pay 20 percent ... (Read 29 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Suppose that the income tax in the United States was such that all households had to pay 20 percent of their income to the government as taxes. This tax is an example of
 
  A) a regressive tax.
  B) a proportional tax.
  C) a progressive tax.
  D) an efficient tax.

Question 2

The present value of a stream of future revenues varies ________ with the future revenues and ________ with the interest rate.
 
  A) inversely; inversely
  B) directly; directly
  C) inversely; directly
  D) directly; inversely


otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
Tom Wills-Wright, Burj Al-Arab, Dubai, United Arab Emirates. Tom Wills-Wright, Burj Al-Arab, Dubai, United Arab Emirates.
Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ... Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ...
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
At what pH is the amino acid glycine with a Ka of 2.51 × 10-10 sixty-six (66%) percent ... At what pH is the amino acid glycine with a Ka of 2.51 × 10-10 sixty-six (66%) percent ...
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library