Uselessness
Power of satisfying a want
Beneficial
Consumable
Correct answer is B
No explanation has been provided for this answer.
Zero
10
2
1
Correct answer is C
No explanation has been provided for this answer.
Progressive
Proportional
Indirect
Regressive
Correct answer is D
A regressive tax is a tax that takes a larger percentage of income from low-income groups than from high-income groups.
From the illustration in the question, Mr. A is charged 10% for tax per annum (ie, 0.1 x 2000 = 200) while Mr. B who earns higher than Mr. A is charged 5% (ie, 0.05 x 8000 = 400)
This means the taxing system is regressive, where a low-income earner, is paying a higher percentage of their income as tax while someone who earns more than double that amount is charged a lesser percentage.
Rations the consumers
Rewards the producers
Regulates supply and demand
Allocates scarce resources
Correct answer is C
No explanation has been provided for this answer.
A typical corporate form of business organization is owned by ______
Shareholders
A local government
The president of a country
Foreigners and citizens of the country
Correct answer is A
No explanation has been provided for this answer.