Which of the following is true of a progressive tax system?
A) High income households pay a higher percentage of their income as taxes.
B) Low income households pay a higher percentage of their income as taxes.
C) All households pay the same amount of taxes irrespective of their income.
D) All households pay the same percentage of their income as taxes.
Question 2
Which is the most likely effect upon the market for cotton of a greatly increased price for corn, which can usually be grown on land suitable for cotton cultivation?
A) The demand for cotton will decrease and the quantity exchanged will fall.
B) The demand for cotton will increase and the quantity exchanged will rise.
C) The supply of cotton will increase and the quantity exchanged will rise.
D) The supply of cotton will decrease and the quantity exchanged will fall.
E) The supply of cotton will increase and the quantity exchanged will fall.
Digestive System
Sagittal section of upper respiratory system illustrating the internal anatomy of the nasal cavity,
The female reproductive system. (a) Sagittal section through the pelvis. (b) Top view of pelvic orga
Regional Variation in Income and Access to the Sea
Health and Income per Capita: Two Views
Capital’s Share of Income in a Cross-Section of Countries