If Policymakers Are Concerned About the Unequal Distribution of Income

question 32

Multiple Choice

If policymakers are concerned about the unequal distribution of income within society,then they should prefer a ________ tax system.

• A) regressive income
• B) progressive income
• C) consumption
• D) proportional income
• E) per capita

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Definitions:

Investment Centre

A business unit or segment which is responsible for its own revenues, expenses, and assets, and whose performance is measured by its return on investment.

Profit Centre

A profit centre is a distinct business unit or department within an organization that is responsible for generating its own revenue and managing its own costs to drive profitability.

Credit Sales

Sales made by a business where the amount is owed by the buyer for a period of time before payment is required.

Invoice Cost

The price for goods or services stated on an invoice, incorporating the cost of production or acquisition, but excluding additional expenses like shipping or taxes.