When costs spill over to third parties, there is a(n) A) cost ...

[crobinson2013]

When costs spill over to third parties, there is a(n)
 
  A) cost overrun.
  B) excessive competition.
  C) negative externality.
  D) government subsidy.

Question 2

Suppose you are making 50,000 per year and paying 5,000 per year in income taxes. You get a 10,000 per year raise and your income taxes are now 6,500 per year. Based on this information, the income tax system is
 
  A) proportional.
  B) progressive.
  C) regressive.
  D) bracketed.

[IRincones]

Answer to Question 1

C

Answer to Question 2

B