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Author Question: When the government levies a tax where everyone is taxed the same fixed percentage of their incomes, ... (Read 37 times)

fox

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on: Jun 30, 2018
When the government levies a tax where everyone is taxed the same fixed percentage of their incomes, this tax is known as a(n):
 a. regressive tax.
  b. progressive tax.
  c. proportional tax.
  d. excise tax.
  e. luxury tax.

Question 2

Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can employ the same amount of its resources to produce either 20 airplanes or 10 automobiles. The U.S. should specialize in:
 a. airplanes. b. automobiles.
  c. both goods. d. neither good.


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Ptupou85

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


fox

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

sultansheikh

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Reply 3 on: Yesterday
Gracias!

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