Which of the Following Best Matches the Description

question 52

Multiple Choice

Which of the following best matches the description?
-Mathematical statement about how likely it is that something will happen.

• A)risk
• B)supply/demand curve
• C)subsidy
• D)probability
• E)demand
• F)risk assessment
• G)risk management
• H)sustainable development
• I)none of above
• J)negligible risk
• K)external costs

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Definitions:

Taxpayers

Individuals or entities obligated to pay taxes to governmental authorities.

Income Tax

A tax imposed by the government directly on individuals' or organizations' income.

Proportional Tax

At the individual level, a tax whose average tax rate remains constant as the taxpayer’s income increases or decreases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) remains constant as GDP rises or falls.

Economy

The system by which a country's money and goods are produced and used, encompassing production, distribution, and consumption.