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Author Question: A good that is similar to another, and can be consumed in place of it, is called A) a normal ... (Read 92 times)

jwb375

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on: Jul 1, 2018
A good that is similar to another, and can be consumed in place of it, is called
 
  A) a normal good.
  B) an inferior good.
  C) a complementary good.
  D) a substitute good.

Question 2

If the redistributive character of the tax system is measured by looking at the additional taxes paid by high-income individuals and reduction in taxes to low-income individuals, the dollar amount of redistribution will be _____.
 
  a. overestimated
  b. underestimated
  c. estimated correctly
   d. estimated improperly, possibly over or under


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Natalie4ever

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

a


jwb375

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

zacnyjessica

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Reply 3 on: Yesterday
Wow, this really help

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