Which of the Following Reservoirs Contains the Largest Volume of Water

question 28

Multiple Choice

Which of the following reservoirs contains the largest volume of water on Earth?

• A) oceans
• B) ice caps and glaciers
• C) rivers and streams
• D) freshwater lakes
• E) groundwater

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Definitions:

Vertical Equity

A principle of taxation that suggests taxpayers with a higher ability to pay should contribute more in taxes than those with a lesser ability to pay.

Horizontal Equity

The principle that individuals with equal ability to pay should face equal tax burdens.

Marginal Tax Rates

The tax rate that applies to the next dollar of taxable income.

Vertical Equity

A principle in taxation that suggests taxpayers with a greater ability to pay should contribute more in taxes.