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

Author Question: In a proportional income tax system A) marginal tax rates are the same regardless of the level of ... (Read 84 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
on: Jun 29, 2018
In a proportional income tax system
 
  A) marginal tax rates are the same regardless of the level of taxable income.
  B) marginal tax rates increase as the level of taxable income increases.
  C) marginal tax rates decline as the level of taxable income declines.
  D) everyone pays the same dollar amount in taxes.

Question 2

Sara looks into her closet and discovers a pair of like-new shoes she no longer wears because they give her blisters. From the economist's perspective, was Sara behaving rationally when she bought those shoes?
 
  A) No. If any of a person's decisions have poor results, that person is irrational.
  B) Yes, as long as Sara didn't intentionally purchase blister-causing shoes.
  C) No. The rationality assumption states that rational people never make mistakes.
  D) It's not clear because psychology, not economics, deals with the rationality assumption.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


fasfsadfdsfa

  • Member
  • Posts: 554
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Nuclear division at the DNA level Nuclear division at the DNA level
Sagittal section of upper respiratory system illustrating the internal anatomy of the nasal cavity, Sagittal section of upper respiratory system illustrating the internal anatomy of the nasal cavity,
Disorders and Diseases of the Endocrine System Disorders and Diseases of the Endocrine System
Pathology of the Digestive System Pathology of the Digestive System
The limbic system is located within the higher brain, or cerebrum. The limbic system is located within the higher brain, or cerebrum.
Some of the major nerves of the human nervous system Some of the major nerves of the human nervous system
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library