Chelsea buys bottled water from the vending machine for 1.00. As ...

[Wadzanai]

Chelsea buys bottled water from the vending machine for 1.00. As long as the transaction was voluntary,
 
  A) Chelsea values the water more than 1.00.
  B) the vendor values the water less than 1.00.
  C) the vendor's wealth has increased.
  D) Chelsea's wealth has increased.
  E) All of the above.

Question 2

Refer to the scenario above. Which family pays the lowest percentage of its income as taxes if the government follows a progressive tax system?
 
  A) The first household
  B) The second household
  C) The third household
  D) The fourth household

[popopong]

Answer to Question 1

E

Answer to Question 2

A

[Wadzanai]

Thanks for the timely response, appreciate it

[lkanara2]

Great answer, keep it coming