Author Question: A progressive tax system is one in which the tax rate actually increases as income rises. a. True ... (Read 121 times)

jon_i · **on:** Jun 30, 2018

A progressive tax system is one in which the tax rate actually increases as income rises.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following is the correct way to describe equilibrium in a market?
a. At equilibrium, demand equals supply.
b. At equilibrium, quantity demanded equals quantity supplied.
c. At equilibrium, market forces no longer apply.
d. At equilibrium, the fairest price for output is achieved.