This topic contains a solution. Click here to go to the answer

Author Question: Refer to the scenario above. Which family pays the highest percentage of its income as tax if income ... (Read 157 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
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
Answer to Question 1

A

Answer to Question 2

B





 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library