A system of taxation in which higher-income groups pay a larger percentage of their incomes in taxes than do lower-income groups is called __________
a. flat taxation
b. means-tested taxation
c. progressive taxation
d. proportional taxation
Answer: c
You might also like to view...
The president has a line item veto power
Indicate whether the statement is true or false
The most controversial element of the Indian constitution is the power given to the
a. president to suspend freedoms during a grave emergency. b. president to remove the prime minister for just cause. c. states to reject an action taken by the national government. d. Indian Supreme Court to impeach the president.
The chief justice:
a. presides at the conferences b. writes all the dissenting opinions c. assigns all opinions of the court d. decides which cases the court will review
Which of the following statements is NOT true regarding the politics of monetary policy?
a. Monetary policy is insulated from the turmoil of partisan politics. b. The effects of monetary policy can be unpredictable. c. When trying to hold back inflationary pressures, loose monetary policy is likely to be adopted. d. The Federal Reserve sets interest rates. e. Monetary policy can be created (or changed) faster than fiscal policy.