Suppose fairness is defined as those with the highest incomes can ...

[rmenurse]

Suppose fairness is defined as those with the highest incomes can afford to pay a greater proportion of their income in taxes. Then which of the following taxation systems would be consistent with this notion of fairness?
 a. A true flax tax.
  b. A flat sales tax on consumption purchases.
  c. A progressive tax on income.
  d. A fixed federal tax of 5,000 that everyone pays regardless of income status.

Question 2

A sustained decrease in the price level is known as deflation.
 a. True
  b. False
  Indicate whether the statement is true or false

[Jayson]

Answer to Question 1

c

Answer to Question 2

True