Compared to People in Other Nations, People in the United

question 138

Multiple Choice

Compared to people in other nations, people in the United States pay

• A)much higher taxes.
• B)somewhat higher taxes, on average.
• C)about the same amount taxes.
• D)lower taxes.

---

Definitions:

Subsidiaries

Companies that are completely or partly owned and partly or wholly controlled by another company, known as the parent company.

Demand-Pull Inflation

occurs when prices rise because the demand for goods and services exceeds supply.

Price of Houses

The amount of money required to purchase residential properties, influenced by factors such as location, size, and market conditions.

Sharp Increase

A rapid and significant rise in a particular metric, such as price, volume, or value.