Author Question: If Stephen earns 100,000 this year and pays 20,000 in taxes and Chris earns 50,000 this year and ... (Read 149 times)

clippers! · **on:** Jun 30, 2018

If Stephen earns 100,000 this year and pays 20,000 in taxes and Chris earns 50,000 this year and pays 5,000 in taxes, this tax system would appear to be
a. progressive.
b. proportional.
c. regressive.
d. none of the above

Question 2

Fixed exchange rates require the economic policies of countries linked by the exchange rate to be:
a. completely independent.
b. complementary to each other.
c. determined by the World Bank.
d. similar in nature.
e. determined by the International Monetary Fund.