economic short answers

economic short answers

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i am going to upload 2 files of question 1 to question 10, please answer those question accordingly.

chapter 8 is about market and government failures. do not write more than 3 page, which means please answer each question as short as possible.

i noticed that from the picture, question 6 is unclear, kinda blurry, so here is quetion 6

question 6: If i earn $50,000 and pay $12,000 in taxes and my brother earns $75,000 nd pays $20,000 in taxes, is our tax system progressive, proportional, or

regressive?

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