SELECT ALL THAT APPLY

question 47

Multiple Choice

SELECT ALL THAT APPLY. Which of the following was a result of the National Security Council document NSC-68, drafted by the U.S. White House in 1950?

• A) The defense budget increased in one year from $13.5 billion to $48.2 billion.
• B) The United States was given authority to occupy West Germany.
• C) The number of U.S. troops in Europe increased from 80,000 in 1950 to 427,000 in 1953.
• D) NATO was established as an institution to reinforce political ties among Western allies.

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Definitions:

Horizontal Equity

The principle that individuals in similar financial conditions should be treated equally by the taxation system.

Vertical Equity

A principle in taxation that states taxpayers with a greater ability to pay should contribute more in taxes.

Regressive Tax

A tax for which high-income taxpayers pay a smaller fraction of their income than do low-income taxpayers.

Federal Tax Receipts

The revenue collected by the federal government from various taxes like income tax, corporation tax, and other levies.