« previous next »

Author Question: Which of the following is true of a progressive tax system? A) High income households pay a ... (Read 66 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Detection of Hypovolemia by the Kidney and the Renin–Angiotensin System Detection of Hypovolemia by the Kidney and the Renin–Angiotensin System
Procedures for Diagnostic Tests Related to the Digestive System Procedures for Diagnostic Tests Related to the Digestive System
The Hazardous Materials Identification System is used to label containers that hold hazardous ... The Hazardous Materials Identification System is used to label containers that hold hazardous ...
Overview of the Digestive System Overview of the Digestive System
Fight-or-Flight System Fight-or-Flight System
Oxidative stress can begin in childhood and lead to progressive damage throughout life Oxidative stress can begin in childhood and lead to progressive damage throughout life
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library