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Author Question: Jack trades his basketball for Jim's baseball glove. This simple trade is A) unproductive, ... (Read 31 times)

lracut11

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on: Jun 29, 2018
Jack trades his basketball for Jim's baseball glove. This simple trade is
 
  A) unproductive, because nothing new has been produced.
  B) productive, because Jack and Jim expect to be better off by trading.
  C) costless, because no money was involved in the deal.
  D) a cost to the manufacturer because neither Jack nor Jim bought a new ball or glove.
  E) not good for the overall economy, for reasons A and D above.

Question 2

A ________ system is one in which households pay the same percentage of their incomes in taxes regardless of their income level.
 
  A) progressive
  B) regressive
  C) proportional
  D) complementary


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mochi09

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

B

Answer to Question 2

C


lracut11

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Reply #2 on: Jun 29, 2018
Thank you


mochi09

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Reply #3 on: Jun 29, 2018
No problemo


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