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Author Question: What is a free-trade agreement and why do countries enter into them?[br][br][b][color=black]Question ... (Read 135 times)

V@ndy87

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on: Jun 24, 2018
What is a free-trade agreement and why do countries enter into them?

Question 2

What is the difference between a progressive and a regressive tax?


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mbcrismon

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A free-trade agreement eliminates duties and trade barriers between the countries making the agreement in order to increase trade between them.

Answer to Question 2

A progressive tax follows the ability to pay principle with wealthier persons paying a larger percentage that less wealthy persons. A regressive tax charges the same percentage to all persons regardless of ability to pay.


V@ndy87

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Reply #2 on: Jun 24, 2018
Thank you :)


mbcrismon

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Reply #3 on: Jun 24, 2018
Happy to help you


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