Author Question: Which of the following is true of a progressive tax system? A) High income households pay a ... (Read 38 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
Which of the following is true of a progressive tax system?
 
  A) High income households pay a higher percentage of their income as taxes.
  B) Low income households pay a higher percentage of their income as taxes.
  C) All households pay the same amount of taxes irrespective of their income.
  D) All households pay the same percentage of their income as taxes.

Question 2

Which is the most likely effect upon the market for cotton of a greatly increased price for corn, which can usually be grown on land suitable for cotton cultivation?
 
  A) The demand for cotton will decrease and the quantity exchanged will fall.
  B) The demand for cotton will increase and the quantity exchanged will rise.
  C) The supply of cotton will increase and the quantity exchanged will rise.
  D) The supply of cotton will decrease and the quantity exchanged will fall.
  E) The supply of cotton will increase and the quantity exchanged will fall.



Anton

  • Sr. Member
  • ****
  • Posts: 302
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

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?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Your heart beats over 36 million times a year.

For a complete list of videos, visit our video library