« previous next »

Author Question: Refer to the scenario above. If the first household pays 20 of its income as tax, the second ... (Read 34 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jun 29, 2018
Refer to the scenario above. If the first household pays 20 of its income as tax,
 
  the second household pays 17.5 of its income as tax, the third household pays 13 of its income as tax, and the fourth household pays 10 of its income as tax, income taxes are ________ in nature.
  A) progressive
  B) regressive
  C) cardinal
  D) ordinal

Question 2

A natural monopoly
 
  A) faces more competition after regulation.
  B) might exaggerate its costs if it is regulated using rate of return regulation.
  C) might falsely minimize its costs if it is regulated using rate of return regulation.
  D) might falsely minimize its costs if it is regulated using a marginal cost pricing rule.
  E) is allowed to maximize its profit under a marginal cost pricing rule.


randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

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?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library