Which of the Following Is an Example of a Progressive

question 86

Multiple Choice

Which of the following is an example of a progressive tax?

• A)The excise tax on cigarettes.
• B)The federal tax on gasoline.
• C)The federal personal income tax.
• D)All of these.

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Definitions:

Maximin Strategy

In decision-making, a strategy that maximizes the minimum gain that can be achieved, often used under conditions of uncertainty to minimize possible losses.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.

Nash Equilibria

Nash Equilibria are concepts in game theory where each player's chosen strategy maximizes their payoff, given the strategies chosen by other players, indicating no incentive to deviate unilaterally.

Maximin Strategy

A decision-making rule used in the face of uncertainty, prioritizing the maximization of the minimum possible payoff.