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

Author Question: Refer to the scenario above. Which family pays the highest percentage of its income as tax if income ... (Read 152 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 29, 2018
Refer to the scenario above. Which family pays the highest percentage of its income as tax if income taxes collected by the local government are regressive in nature?
 
  A) The first household
  B) The second household
  C) The third household
  D) The fourth household

Question 2

Refer to the figure above. Which of the following best describes a method to compensate the group that was made worse off when Barylia opened to free trade?
 
  A) The buyers could be taxed and the tax revenue could be used to compensate the sellers.
  B) The sellers could be taxed and the tax revenue could be used to compensate the buyers.
  C) Barylia could sell the calculators at a price below the domestic equilibrium price in the global market.
  D) Barylia could sell the calculators at a price above the world price in the global market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ergserg

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


sammy

  • Hero Member
  • *****
  • Posts: 818
Reply #2 on: Jun 29, 2018
Thank you


ergserg

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo
stages of the family cycle stages of the family cycle
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Family day kids drawing grade 1 and kindergarten Family day kids drawing grade 1 and kindergarten
Video: Inflammation

For a complete list of videos, visit our video library