The Tendency of People to Believe That a Statement Is

question 136

True/False

The tendency of people to believe that a statement is true or valid simply because it has been repeated many times is known as the familiarity effect.

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Definitions:

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total tax payment by total income, often expressed as a percentage.

Lump-Sum Tax

A taxation method that imposes a fixed amount on the taxpayer irrespective of their circumstances.

Marginal Tax Rate

The tax rate that applies to the next dollar of taxable income earned, indicating the proportion of an additional dollar of income that is paid in tax.

Average Tax Rate

The proportion of total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.