Author Question: A tax rate system characterized by higher marginal tax rates as income increases is known as A) a ... (Read 69 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
A tax rate system characterized by higher marginal tax rates as income increases is known as
 
  A) a progressive tax system.
  B) a regressive tax system.
  C) a proportional tax system.
  D) a flat-rate tax system.

Question 2

Holding supply constant, an increase in demand leads to
 
  A) lower prices and higher quantity supplied.
  B) lower prices and lower quantity supplied.
  C) higher prices and higher quantity supplied.
  D) higher prices and lower quantity supplied.



steff9894

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library