Which of the Following Would Indicate That a Tax Is

question 130

Multiple Choice

Which of the following would indicate that a tax is regressive?

• A)High-income people pay $5,000 in taxes;low-income people pay $2,000.
• B)Both high-income and low-income people pay $200 each.
• C)High-income people pay 20 percent of their income in taxes;low-income people pay 10 percent.
• D)Both high-income and low-income people pay 10 percent of their income in taxes.
• E)Low-income people are exempt from the tax.

Recognize the importance of conciseness in various forms of communication, including microblogging.

Analyze the effect of converting verbs to nouns on the professionalism and strength of business writing.

Apply specific verbs, concrete nouns, and vivid adjectives for clearer and more effective writing.

Acknowledge the visual design principles that contribute to the perceived intelligence of the writer and readability of documents.

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Definitions:

Autarky

An economic system where a region or country is self-sufficient and does not engage in international trade.

Consumer Surplus

The discrepancy between what buyers are willing to offer for an item or service and the price they actually pay.

Producer Surplus

Producer surplus is the difference between the amount producers are willing and able to supply a good for and the actual amount they receive due to market price.

Autarky

An economic system wherein a country or entity is self-sufficient and does not engage in international trade.