Progressive Taxes Can Be Justified as Fair Based on Which

question 42

Multiple Choice

Progressive taxes can be justified as fair based on which of the following?

• A) The index-of-fairness principle
• B) Horizontal equity
• C) Benefits received
• D) Vertical equity
• E) None of the above answers is correct.

---

Definitions:

Automobile Dealers

Businesses specializing in the sale of new or used cars and possibly offering maintenance services and spare parts.

Fair Credit Billing Act

A U.S. law designed to protect consumers from unfair billing practices and provides a mechanism for addressing billing errors on credit card statements.

Errors In Credit Card Billings

Mistakes or inaccuracies in the billing statements of credit card accounts, which can range from unauthorized charges to incorrect amounts charged.

Truth-In-Lending Act

A federal law designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.