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Dagmar Bergstrom

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Q: Which form of entertainment was largely limited to people with high incomes?
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Why are Americans taxed in proportion to their incomes?

The ability-to-pay principle of taxation states that people with higher incomes have a greater ability to pay taxes than people with lower incomes.


Can two people get a loan using both incomes?

IF they want to be co-borrowers they can use both incomes to purchase.


What is degreesive tax?

› TAX a type of tax in which people with high incomes pay less tax as a percentage of their income than those people with low incomes:


What is an economic definition of normal good?

Normal goods are any goods for which demand increases when incomes go up, and for which demand decreases when incomes go down. Normal goods tend to be luxury goods. If incomes go up, more people will be yachts. If incomes go down, fewer people will be yachts.


Do People with fixed incomes fare best in an inflationary period?

No


Most economists believe that a sales tax increase affects which group the MOST?

it is either salaried workers,pensioned workers,people with low incomes,or people with the highest range incomes.


The majority of old people have incomes below the poverty line as defined by the federal government true or false?

it is false that the majority of old people have incomes below the poverty line as defined by the federal government.


How does poverty encouraged rapid population growth?

Poor people have limited opportunities for entertainment. They more often indulge in sexual activities leading to rapid population growth.


What happens to people on fixed incomes when there is inflation?

His purchasing power goes down


Where people with lower incomes pay a larger portion of their income?

regressive tax


Before computers were made what did people use?

That depends largely on what they would need to be doing. People used phones and mail for communication, sports and games for entertainment, etc. Basically, people did everything that you do when you're NOT using your computer. No. they used drawings and paintings also people in the past used telegraphs telegraphs) an apparatus for communication at a distance by coded signals


Is there help for people losing their homes?

People are losing homes because prices are going up but incomes aren't.