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 155 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?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

For a complete list of videos, visit our video library