The taxation principle that says people with equal incomes should pay equal taxes is called
A. Vertical equity.
B. A progressive tax system.
C. Horizontal equity.
D. A regressive tax system.
Answer: C
You might also like to view...
The median voter is:
A. the voter who has the median income policy among all voters. B. the voter who has the median policy among all voters. C. the voter who has the average policy among all voters. D. the voter who has the mean policy among all voters.
The investment function intersects the saving schedule at an interest rate of 8 percent and a level of investment of $1.2 trillion a year. If the consumption curve intersects the 45-degree reference line at $3 trillion, then
A) the C + I curve will intersect the 45-degree reference line at $1.2 trillion. B) the C + I curve will intersect the 45-degree line at $1.8 trillion. C) the equilibrium level of real GDP is $1.8 trillion. D) the equilibrium level of real GDP is $4.2 trillion.
Which of the following is most likely to be asset price inflation?
A. A rise in the current price of assets caused by expectation of higher asset prices in the future B. A rise in the current price of assets caused by an increase in the riskiness of financial assets C. A rise in the current price of assets caused by a shift in people's time preference D. A rise in the price of assets caused by an increase in the underlying productivity of those assets
Which of the following is a possible benefit of labor unions?
A. They may help firms to retain a more experienced workforce. B. They may help firms reduce training costs of new employees. C. They may facilitate communications between workers and managers. D. All of these