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What were the political, social, economic, and/or cultural consequences of this item: "new" foreign immigration?
Instructions:
-Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
-Explain the historical significance of each item. Establish the historical context in which the item exists. Establish the item as the result of or as the cause of other factors existing in the society under study.
Vertical Equity
A principle in tax policy that states taxpayers with a greater ability to pay should contribute more in taxes.
Small Economy
Refers to an economy with a relatively limited size in terms of population, output, and market activity, often more susceptible to external economic influences.
Horizontal Equity
A principle in taxation and welfare distribution that posits individuals with similar income or ability to pay should be treated equally.
Vertical Equity
A concept in taxation that argues taxpayers with a greater ability to pay, such as those with higher income, should pay more in taxes.
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