Greening Refers To

question 147

Multiple Choice

Greening refers to:

• A) the need for more carbon dioxide in our air.
• B) firms acquiring more green backs (U.S. dollars) from world trade.
• C) finding ways to lessen the harm on our environment.
• D) the agricultural industry's push to develop and produce new green vegetables to feed the world.

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Definitions:

Marginal Tax Rate

The rate at which the last dollar of a taxpayer’s income is taxed, indicating the proportion of additional income that is paid in taxes.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to taxation.

Regressive Tax

A tax system wherein the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income earners.

Sales Tax

A tax on the value of goods sold.