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Explain what is meant by test reliability and validity, and describe the methods by which each can be established; identify what makes a test objective; and provide the two definitions of test standardization and why these two aspects of testing are needed.
Proportional Taxes
Taxes that are imposed at a constant rate regardless of the income level of the taxpayer.
Regressive Effect
A situation where a tax or fiscal policy disproportionately affects lower-income individuals, making them pay a higher percentage of their income than wealthier individuals.
Economic Role
The function or position held by an entity or individual within an economic system, influencing the allocation of resources and creation of goods and services.
Government
The system or group of people governing an organized community, often a state, and managing its affairs and resources.
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