Author Question: Sharon pays a tax of 4,000 on her income of 40,000 . while Brad pays a tax of 1,000 on his income of ... (Read 66 times)

jwb375 · **on:** Jun 30, 2018

Sharon pays a tax of 4,000 on her income of 40,000 . while Brad pays a tax of 1,000 on his income of 20,000 . This tax is:
a. regressive.
b. progressive.
c. proportional.
d. a flat tax.

Question 2

Opening trade between two nations would:
a. shift their production possibilities curves outward.
b. shift their production possibilities curves inward.
c. leave the production possibilities unchanged and increase their consumption possibilities.
d. leave the production possibilities unchanged and decreased their consumption possibilities.