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A Tax Is __________ If It Takes a Constant Fraction

question 43

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A tax is __________ if it takes a constant fraction of income as income rises.


Definitions:

Alfred Binet

A French psychologist who, along with his colleague Théodore Simon, developed the first standardized test to measure intelligence.

Intelligence Test

A psychological assessment tool designed to measure cognitive abilities, IQ, and problem-solving skills.

Aptitude

A natural ability or talent for learning or skill acquisition.

Heredity

The transfer of genetic characteristics from parents to offspring through their genes.

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