Which of the Following Is an Important Governmental Justification for Progressive

question 46

Multiple Choice

Which of the following is an important governmental justification for progressive taxation?

• A) Assisting small businesses
• B) Promoting equality
• C) Giving corporations more incentive to hire new employees
• D) Allowing people to keep more of the income that they earn
• E) Enhancing national security by enhancing federal revenues

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Definitions:

Concentrated Targeting

A marketing strategy where a business focuses its efforts on a narrowly defined market segment or niche, rather than trying to appeal to a broader market.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Variable Costs

Those costs, primarily labor and materials, that vary with production volume.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.