Refer to the scenario above. If the first household pays 20 of its income as tax,
the second household pays 17.5 of its income as tax, the third household pays 13 of its income as tax, and the fourth household pays 10 of its income as tax, income taxes are ________ in nature.
A) progressive
B) regressive
C) cardinal
D) ordinal
Question 2
A natural monopoly
A) faces more competition after regulation.
B) might exaggerate its costs if it is regulated using rate of return regulation.
C) might falsely minimize its costs if it is regulated using rate of return regulation.
D) might falsely minimize its costs if it is regulated using a marginal cost pricing rule.
E) is allowed to maximize its profit under a marginal cost pricing rule.
A possible “RNA world” scenario
Global Stratification: Income of the World's Nations
Household Income in the United States by Quintiles, 2009
How the Distribution of Education Affects the Distribution of Income
Health and Income per Capita: Two Views
Lone-parent household income and the degree of vulnerability