Author Question: A regressive tax: a. is designed to take a larger percentage of higher incomes as compared to lower ... (Read 73 times)

gonzo233 · **on:** Jun 30, 2018

A regressive tax:
a. is designed to take a larger percentage of higher incomes as compared to lower incomes.
b. is designed in such a way that as a person's income rises, the amount of tax as a proportion of income rises.
c. takes a greater proportion of the income of lower-income groups than of higher-income groups.
d. is considered to be the most equitable type of tax.

Question 2

Currency speculators are traders who seek to profit from a(n):
a. shift in global demand and supply patterns.
b. increase in the price of oil.
c. sudden shift in interest rates.
d. exchange rate change by selling the currency expected to appreciate and buying the currency expected to depreciate.
e. exchange rate change by selling the currency expected to depreciate and buying the currency expected to appreciate.