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Author Question: Refer to Table 18-8. The tax system is A) regressive throughout all levels of income. B) ... (Read 114 times)

sarasara

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Refer to Table 18-8. The tax system is
 
  A) regressive throughout all levels of income.
  B) progressive throughout all levels of income.
  C) progressive between 10,000 and 12,000 of income and regressive between 12,000 and 22,000.
  D) proportional throughout all levels of income.

Question 2

What happens to the equilibrium wage and quantity of labor if output price rises?
 
  A) The equilibrium wage and the equilibrium quantity of labor rise.
  B) The equilibrium wage rises and the equilibrium quantity of labor falls.
  C) The equilibrium wage falls and the equilibrium quantity of labor rises.
  D) The equilibrium wage and the equilibrium quantity of labor fall.


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Brenm

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sarasara

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