When Developing Any Public Policy, Stakeholders Must Be Included

question 2

True/False

When developing any public policy, stakeholders must be included. This is especially important for hazard policies, because these policies often require a certain present investment.

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Definitions:

Sales Tax

A tax imposed by government authorities on the sale of goods and services, typically calculated as a percentage of the purchase price.

Regressive Tax

A tax system where the tax rate decreases as the taxable amount increases, placing a heavier burden on lower-income individuals.

OECD

An international organisation that works to build better policies for better lives, promoting policies that will improve the economic and social well-being of people around the world.

Progressive Tax System

A tax system where the tax rate increases as the taxable amount or income increases, effectively imposing a higher percentage rate on those who earn more.