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What is the volume, in cubic inches, of a 3-foot square box?
Vertical Equity
A principle in taxation where taxpayers with a greater ability to pay, pay more in taxes, demonstrating a progressive tax system.
Small Economy
An economy that is limited in size, characterized by a smaller population, lower GDP, and less impact on international markets compared to larger economies.
Horizontal Equity
A principle in taxation that asserts that individuals with the same income or resources should pay the same amount in taxes.
Vertical Equity
A principle in tax policy that states taxpayers with a greater ability to pay should contribute more in taxes.
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