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 75 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?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

For a complete list of videos, visit our video library