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Author Question: Refer to the scenario above. Which family pays the highest percentage of its income as tax if income ... (Read 154 times)

sammy

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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.


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ergserg

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


sammy

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Reply #2 on: Jun 29, 2018
Thank you


ergserg

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Reply #3 on: Jun 29, 2018
No problemo


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