Author Question: Specialization and trade allow an economy to expand its: a. production possibilities. b. ... (Read 88 times)

urbanoutfitters · **on:** Jun 30, 2018

Specialization and trade allow an economy to expand its:
a. production possibilities. b. consumption possibilities.
c. technological advantage. d. absolute advantage.

Question 2

A tax is regressive if it collects a:
a. larger amount as income rises.
b. constant amount as income rises.
c. smaller fraction of income as income falls.
d. smaller fraction of income as income rises.