When the Government Implements Programs Such as Progressive Income Tax

question 6

Multiple Choice

When the government implements programs such as progressive income tax rates,which of the following is likely to occur?

• A)equality is increased and efficiency is increased.
• B)equality is increased and efficiency is decreased.
• C)equality is decreased and efficiency is increased.
• D)equality is decreased and efficiency is decreased.

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Definitions:

Corporate Officers

High-ranking executives who are charged with managing the operations and ensuring the compliance of a corporation.

Day-to-Day Operations

The regular, routine activities necessary for an organization or business to function effectively on a daily basis.

Corporation

A legal entity created under state law, recognized as separate from its owners, with its own rights, privileges, and liabilities.

Alien Corporation

A corporation formed in another country but doing business in the United States.