Katie had a before-tax income of $40,000 and paid taxes of $6,000 . Rinji had a before-tax income of $35,000 and paid taxes of $5,250 . Based on this information, the tax system is
a. There is insufficient information to answer the question.
b. progressive
c. based on the benefits received
d. regressive
e. proportional
E
Economics
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Which of the following decreases the demand for an inferior good?
A) an increase in income B) a decrease in the price of a complement C) a decrease in income D) an increase in the price of a substitute
Economics
Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 20 sliders and 60 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Economics