A tax structured such that higher-income individuals pay a larger percentage of their income in taxes is called a __________
a. marginal tax
b. progressive tax
c. proportional tax
d. regressive tax
b
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Which of the following political philosophers most influenced the writing of the United States Constitution?
(A) Plato (B) Machiavelli (C) Locke (D) Rousseau (E) Marx
The party in the electorate is most accurately defined by which of the following?
A) Frequent voters who register as members of a particular political party B) Independents who are not registered with any party but still vote in elections C) The staff of a particular party involved in electoral campaigns D) Members of a particular political party who currently hold public office E) Those who identify with a political party and consider themselves members
Central banks in industrialized countries maintain the value of the state's currency by limiting the amount of __________ and by preventing high inflation
A) gold on the market B) money printed C) credit D) distribution
Which of the following statements is true of public debt?
A. Public debt is also known as fiscal debt. B. The net public debt includes sums that the government owes to itself. C. The Department of Commerce sells IOUs on behalf of the U.S. government. D. The interest on treasuries is paid by federal taxes. E. The net public debt does not include funds held by the Federal Reserve System.