In General, Which of the Following Is True About Minorities

question 11

Multiple Choice

In general, which of the following is true about minorities?

• A) They suffer disproportionately from poor health.
• B) They suffer disproportionately from poverty.
• C) They suffer disproportionately from low education levels.
• D) All of these are correct.

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Definitions:

Supply and Demand

Fundamental economic model that explains how prices and quantities of goods and services are determined in a market system by the interaction of supply by producers and demand by consumers.

Property Taxes

Taxes paid by owners of property such as land, buildings, and in some cases, personal property, based on the value of the property.

Regressive

A term often used to describe taxes or policies that take a higher percentage from low-income earners than from high-income earners, considered inversely proportional to income.

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare among entities in the economy.