This topic contains a solution. Click here to go to the answer

Author Question: Under a progressive tax system: a. the average tax rate increases with increases in real GDP. b. ... (Read 104 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
Under a progressive tax system:
 a. the average tax rate increases with increases in real GDP.
  b. the average tax rate remains constant with changes in real GDP.
  c. the average tax rate falls with increases in real GDP.
  d. government tax receipts increase when the economy is in a recession.
  e. government tax receipts decrease when the economy is expanding.

Question 2

Which of the following would be most likely to cause a reduction in the supply of Nintendo video games?
 a. a decrease in the price of Nintendo video games
 b. a decrease in the price of computer chips used to make Nintendo games
  c. an increase in the demand for Nintendo video games
 d. an increase in the price of computer chips used to make Nintendo games



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trog

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

a

Answer to Question 2

d




moongchi

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
Wow, this really help


apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

For a complete list of videos, visit our video library