This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Only in a progressive tax system does the amount of taxes increase as income increases. Do you agree ... (Read 179 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
Only in a progressive tax system does the amount of taxes increase as income increases. Do you agree or disagree? Explain.
 
  What will be an ideal response?

Question 2

A newspaper headline asserts: Rising Demand Pushes Up Housing Prices. This headline
 
  A) incorrectly implies that the demand for housing can change, whereas in fact only the quantity of housing demanded can change.
  B) incorrectly implies that the price of housing will rise when demand increases.
  C) incorrectly implies that more housing will be demanded at higher prices.
  D) correctly implies that an increase in demand will increase the market clearing price.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

Disagree. In all of the three tax systems (progressive, regressive and proportional), the amount of taxes can increase as income increases. In a progressive system, however, not only the amount of taxes increases but also the percentage income paid in taxes increases as income increases.

Answer to Question 2

D


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Renin Angiotensi​n Aldosteron​e System Renin Angiotensi​n Aldosteron​e System
Procedures and Diagnostic Tests Related to the Cardiovascular System Procedures and Diagnostic Tests Related to the Cardiovascular System
Pathology of the Digestive System Pathology of the Digestive System
How to solve a linear system when the variable is in the denominator position (Question 1 of 2) How to solve a linear system when the variable is in the denominator position (Question 1 of 2)
Neurotransmitters of the Autonomic Nervous System Neurotransmitters of the Autonomic Nervous System
Calculation of the Amount of the Local Anesthetic and Vasoconstrictor Calculation of the Amount of the Local Anesthetic and Vasoconstrictor
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library