Which of the following examples illustrates a progressive income tax?
a. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $100 in taxes.
b. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $50 in taxes.
c. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $80 in taxes.
d. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $125 in taxes.
D
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Which of the following is not a source of product differentiation?
a. physical differences in products b. differences in service provided by firms c. differences in the location of sales outlets d. All of the above are sources of product differentiation.
Taxes on emissions have led to
a. extraction of pollutants by firms from their liquid discharges. b. recycling of pollutants in lieu of discharge as waste. c. voluntary reduction in emissions to avoid the taxes. d. all of the above.