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 158 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?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library