<u>Answer:
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By observing the graph, it can be said that the first half of the graph illustrates a progressive tax.
<u>Explanation:
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- The tax in the first half of the graph ranges from the lowest 20% to the fourth 20%.
- In this range, it can be seen that for every income group, the total effective tax rate has increased considerably at every new stage.
- The tax rate has increased by approximately 3 to 4 percent every time.
Answer:
If supply of a product increases, its price decreases while if demand of the product increases, its price increases.
Explanation:
Input prices of products, subsidies and government taxes are the factors that cause shifts in supply and demand. If the input prices are high so the price of products becomes high which decreases its demand and if their prices are low, the demand increases. If high taxes are imposed on commodities so its price increases and demand decreases while subsidies on different products increases the demand due to low price of the product.
Answer:
c. real culture; ideal culture.
Explanation:
The social institutions, arts, value, norms, and other human intellectual achievements of a social group, community or nation is termed as culture. There are different perceptions of culture which includes real and ideal culture. Ideal culture refers to the values and norms which has been idealized or claimed by a culture while on the other hand real culture refers to the norms and values which are actually followed by a culture. For example, American society promotes the ideals of academic progress and material success but they do not reflect in society.
