This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Only in a progressive tax system does the amount of taxes increase as income increases. Do you agree ... (Read 131 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
Only in a progressive tax system does the amount of taxes increase as income increases. Do you agree or disagree? Explain.
 
  What will be an ideal response?

Question 2

A newspaper headline asserts: Rising Demand Pushes Up Housing Prices. This headline
 
  A) incorrectly implies that the demand for housing can change, whereas in fact only the quantity of housing demanded can change.
  B) incorrectly implies that the price of housing will rise when demand increases.
  C) incorrectly implies that more housing will be demanded at higher prices.
  D) correctly implies that an increase in demand will increase the market clearing price.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

Disagree. In all of the three tax systems (progressive, regressive and proportional), the amount of taxes can increase as income increases. In a progressive system, however, not only the amount of taxes increases but also the percentage income paid in taxes increases as income increases.

Answer to Question 2

D


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Venous System Anatomy Venous System Anatomy
Anatomy of the urinary system. Anatomy of the urinary system.
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
The Female Reproductive System (2 of 2) The Female Reproductive System (2 of 2)
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library