Examlex
Which of the following is a form of nitrogen fixation?
Progressive Tax
A taxation system in which the tax rate increases as the taxable amount or income increases, commonly seen in income tax systems to ensure higher earners contribute a greater proportion of their income.
Regressive Tax
A tax system in which the tax rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.
Supply-side Economics
An economic theory that advocates reducing taxes and decreasing regulation to stimulate economic growth by increasing supply of goods and services.
Majoritarian Politics
A political philosophy or agenda that asserts the majority's right to make decisions that affect the society, often at the expense of minority opinion or rights.
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