Which of the Following Is True for Taxes? They

question 254

Multiple Choice

Which of the following is true for taxes? They

• A) are always administered fairly.
• B) are a necessary part of living in an economy with a fair distribution of income.
• C) are always administered without creating unfairness or inefficiency.
• D) are an involuntary transfer of private property.
• E) do not create a big tradeoff problem.

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Definitions:

Market Forces

The economic factors affecting the price, demand, and availability of goods and services in a free market, including competition, supply, and demand.

Discrimination

Unfair treatment of a person or group based on characteristics such as race, gender, age, or religion.

Median Weekly Earnings

The middle value of weekly earnings from a group of workers, where half earn more and the other half earn less.

Union Members

Individuals who belong to an organized group of workers whose aim is to negotiate with employers about wages, working conditions, and other employment-related matters.