Chemically,oil and Gas Are Both ________

question 31

Multiple Choice

Chemically,oil and gas are both ________.

• A) pure forms of carbon
• B) carbohydrates
• C) hydrocarbons
• D) carbonate minerals

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Definitions:

Private Good

A good, such as pizza, that is both rival in consumption and exclusive.

Regressive Tax

A tax system in which the tax rate decreases as the taxable amount increases, placing a larger burden on low-income earners.

Proportional Tax

A tax system in which the tax rate stays the same, no matter the taxable amount.

Progressive Tax

A tax system where the tax rate increases as the taxable amount or income increases, placing a higher relative burden on wealthier individuals.