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Author Question: If a tax rate falls as a person's income rises, the tax is a: a. proportional tax. b. progressive ... (Read 92 times)

leo leo

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on: Jun 30, 2018
If a tax rate falls as a person's income rises, the tax is a:
 a. proportional tax.
  b. progressive tax.
  c. regressive tax.
  d. poll tax.
  e. constant tax.

Question 2

Comparative advantage indicates that:
 a. specialization and exchange will permit trading partners to maximize their joint consumption.
  b. a nation can gain from trade only if it is not at an absolute disadvantage in producing all goods.
  c. a nation can gain from trade only when its trading partners are not low-wage countries.
  d. countries should export products for which they are high-opportunity cost producers.


HandsomeMarc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


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