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Author Question: If both rich and poor families pay 25 percent of their income in taxes, the tax scheme is ________. ... (Read 106 times)

itsmyluck

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on: Jun 29, 2018
If both rich and poor families pay 25 percent of their income in taxes, the tax scheme is ________.
 
  A) proportional
  B) regressive
  C) negative
  D) progressive

Question 2

In the above figure, if the budget line shifts from RT to RS, the substitution effect is illustrated by the move from
 
  A) a to b.
  B) a to c.
  C) b to c.
  D) T to S.


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chevyboi1976

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


itsmyluck

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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