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

Author Question: A tax system in which the tax rate on everyone's first 10,000 of income is 10 percent, the tax rate ... (Read 69 times)

jake

  • Hero Member
  • *****
  • Posts: 538
A tax system in which the tax rate on everyone's first 10,000 of income is 10 percent, the tax rate on everyone's second 10,000 of income is 15 percent, and the tax rate on all income over 20,000 is 25 percent is a(n):
 a. proportional tax.
  b. equitable tax.
  c. head tax.
  d. unit tax.
  e. progressive tax.

Question 2

Following the principle of comparative advantage, specialization:
 a. permits greater levels of total production than would be attained without it.
  b. increases the dependency of countries on trade.
  c. both of the above.
  d. neither of the above.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Answer to Question 1

e

Answer to Question 2

c





 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

For a complete list of videos, visit our video library