​Some Poor Countries Appear to Be Falling Behind Rather Than

question 314

Multiple Choice

​Some poor countries appear to be falling behind rather than catching up with rich countries. Which of the following could explain the failure of a poor country to catch up?

• A)The poor country has a health epidemic such as the Zika virus
• B)​The poor country imposes heavy tariffs to protect infant industries
• C)​The poor country has many corrupt officials
• D)​All of the above

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Definitions:

Flexible Spending Account

A type of savings account, usually for healthcare or dependent care expenses, that offers tax advantages by using pre-tax dollars.

Federal Taxes

Federal Taxes are imposed by the government on income, goods, services, and activities, used to fund public services and government operations.

Schedule A

A form used in the United States tax system for itemizing allowable deductions against personal income to reduce taxable income.

Tax Rate Schedule

A chart or table that determines the amount of tax due based on income brackets, applicable to different filing statuses.