21) A tax is regressive if it takes a A) larger number of dollars as income falls. B) smaller fraction of dollars as income falls. C) larger number of dollars as income rises. D) smaller fraction of dollars as income rises.
21) A tax is regressive if it takes a A) larger number of dollars as income falls. B) smaller fraction of dollars as income falls. C) larger number of dollars as income rises. D) smaller fraction of dollars as income rises.
Chapter16: The Public Sector
Section: Chapter Questions
Problem 8SQ
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Transcribed Image Text:21) A tax is regressive if it takes a
A) larger number of dollars as income falls.
B) smaller fraction of dollars as income falls.
C) larger number of dollars as income rises.
D) smaller fraction of dollars as income rises.
MM
20
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