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Author Question: Which of the following is a regressive tax? a. A state tax of 5 percent of income. b. A local ... (Read 64 times)

Haya94

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on: Jun 30, 2018
Which of the following is a regressive tax?
 a. A state tax of 5 percent of income.
  b. A local sales tax of 5 percent.
  c. The federal individual income tax.
  d. A federal flat tax of 30 percent.

Question 2

Trade between nations A and B:
 a. leaves the production possibilities of nation A unchanged.
  b. leaves the production possibilities of nation B unchanged.
  c. increases the consumption possibilities of both nations.
  d. All of these are true.


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briseldagonzales

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

b

Answer to Question 2

d


Haya94

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Perkypinki

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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