Author Question: Which of the following is true of a progressive tax system? A) High income households pay a ... (Read 67 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
Which of the following is true of a progressive tax system?
 
  A) High income households pay a higher percentage of their income as taxes.
  B) Low income households pay a higher percentage of their income as taxes.
  C) All households pay the same amount of taxes irrespective of their income.
  D) All households pay the same percentage of their income as taxes.

Question 2

Which is the most likely effect upon the market for cotton of a greatly increased price for corn, which can usually be grown on land suitable for cotton cultivation?
 
  A) The demand for cotton will decrease and the quantity exchanged will fall.
  B) The demand for cotton will increase and the quantity exchanged will rise.
  C) The supply of cotton will increase and the quantity exchanged will rise.
  D) The supply of cotton will decrease and the quantity exchanged will fall.
  E) The supply of cotton will increase and the quantity exchanged will fall.



Anton

  • Sr. Member
  • ****
  • Posts: 302
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

For a complete list of videos, visit our video library