Author Question: An externality can best be defined as A) a party not directly involved in a transaction. B) a ... (Read 66 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
An externality can best be defined as
 
  A) a party not directly involved in a transaction.
  B) a consequence of a transaction that spills over to affect third parties.
  C) a right of an owner to use and exchange property.
  D) a cost associated with the production of one more unit of output.

Question 2

Assume a family that earns 20,000 pays 2,000 in income taxes, while a family that earns 40,000 pays 3,500 in income taxes. In this situation, the income tax system is
 
  A) progressive.
  B) regressive.
  C) proportional.
  D) one of the above but we cannot tell which one without more information.



billybob123

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library