Answer
Hi,
Progressive tax assesses a taxpayer’s ability to pay. Higher rates are on the wealthy than on the poor.
Explanation
Those considered poor according to a country’s definition have families who spend larger shares of their income on the cost of living thus all money they earn is needed to afford basic needs thus face a decreased progressive tax. On the other hand, the progressive tax imposed on wealthy individuals decrease their abilities to purchase more luxury items or invest in stock.
Hope this helps!
Answer:
a. 4/3 so the good is more expensive in the U.S
Explanation:
Nominal Exchange rate 1 $ = 10 pesos
Nominal exchange rate is the exchange rate which does not consider the impact of inflation. On the other hand, real exchange rate is calculated after adjusting inflation.
Real Exchange rate = Nominal exchange rate × ![\frac{Price\ of\ good\ in\ U.S}{Price\ of\ good\ in\ Mexico}](https://tex.z-dn.net/?f=%5Cfrac%7BPrice%5C%20of%5C%20good%5C%20in%5C%20U.S%7D%7BPrice%5C%20of%5C%20good%5C%20in%5C%20Mexico%7D)
Real Exchange rate = 10 × 20/150 = 4/3
Since the exchange rate is per USD, this means the good is more expensive in the U.S.
Answer:
1. The slope is negative.
2. 0.81
Explanation:
The slope of the regression line is definitely negative
A linear equation has its regression line as
T = a + bc
The slope of the regression line is known as b.
From the question, b = -0.9
Therefore the slope of the regression line is negative.
B. Coefficient of determination = r²
r =(-0.90)
r² = 0.81
Answer: b. (200 airplanes, 12,500 cars) and (150 airplanes, 15,000 cars)
Explanation:
The opportunity cost of an airplane is 50 cars. This means that if the number of planes produced were reduced by 50, the number of cars should increase by:
= 50 * 50
= 2,500 cars.
In option B, the airplanes were 200 and then reduced by 50 to 150. This led to an increase in cars of:
= 15,000 - 12,500
= 2,500 cars
Option B therefore satisfies the constraints and is correct.