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Author Question: Refer to the scenario above. If the local government has a progressive tax system, which family pays ... (Read 85 times)

Mimi

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on: Jun 29, 2018
Refer to the scenario above. If the local government has a progressive tax system, which family pays the largest amount as tax?
 
  A) The first household
  B) The second household
  C) The third household
  D) The fourth household

Question 2

A mugger steals 25 from John Doe. What can an economist conclude?
 
  A) Nobody gained in the exchange.
  B) Both parties gained in the exchange.
  C) Only the mugger's wealth has increased.
  D) Nothing, because economists study strictly voluntary exchanges.


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karmakat49

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Mimi

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

vickybb89

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Reply 3 on: Yesterday
Wow, this really help

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