A Curve That Shows All the Combinations of Two Inputs

question 298

Multiple Choice

A curve that shows all the combinations of two inputs, such as labor and capital, that will produce the same level of output is called

• A)an isoquant.
• B)an isocost line
• C)a budget line.
• D)an optimal input combination curve.

---

Definitions:

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

Child Income Tax Credit

A tax credit offered to taxpayers for each qualifying dependent child, intended to help families manage the costs of raising children.

Income Tax Bracket

A range of incomes taxed at a particular rate under a progressive tax system.

Regressive Tax

A levy where the rate diminishes as the taxable amount grows.