What is your opportunity cost for answering this question? What is the opportunity cost for the...
What is your opportunity cost for answering this question?
What is the opportunity cost for the last fun activity you participated in?
If you were a politician, would you prefer to use a proportional, progressive, or regressive taxes as the main source of tax collection? Why?
Please provide an example of each of these different types of taxes.
Homework Answers
The opportunity cost for answering this question is my nape time.
opportunity cost for the last fun activity you participated in could be studies.
i would prefer progressive tax as this tax is levy on each stage vertically that is more earners has to pay more taxes and will pay less.
Proportional tax; Single tax rate for all despite the fact some earns more and some earns less
Regressive tax; tax that takes a larger part of income ( as tax) from low-income groups than from high-income groups
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