Author Question: A tax for which the rate varies directly with the income of the person taxed is known as a(n): a. ... (Read 130 times)

imanialler · **on:** Jun 30, 2018

A tax for which the rate varies directly with the income of the person taxed is known as a(n):
a. regressive tax.
b. progressive tax.
c. proportional tax.
d. flat tax.
e. excise tax.

Question 2

A country that has a lower opportunity cost of producing a good:
a. has a comparative advantage.
b. can produce the good using fewer resources than another country.
c. requires fewer labor hours to produce the good.
d. all of these.