This topic contains a solution. Click here to go to the answer

Author Question: Differentiate between a progressive tax system and a regressive tax system. What will be an ideal ... (Read 73 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
Differentiate between a progressive tax system and a regressive tax system.
 
  What will be an ideal response?

Question 2

A woman who decides to drive to work rather than take the bus
 
  A) is wasting scarce resources.
  B) is behaving inefficiently.
  C) thinks driving is more economically efficient for her.
  D) is probably paying attention to personal comfort and convenience rather than economic efficiency.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Answer to Question 1

A progressive tax system is one in which tax rates increase with an increase in taxable base incomes, so that the rich pay higher tax rates than the poor, whereas a regressive tax system is one in which tax rates decrease with increase in taxable income.

Answer to Question 2

C




Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Wow, this really help


covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

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?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

For a complete list of videos, visit our video library