One Argument Advanced in Favor of Not Increasing the Income

question 118

Multiple Choice

One argument advanced in favor of not increasing the income tax on individuals with high income is that

• A)increasing income tax increases wealth which contributes to increases in GDP.
• B)increasing the income tax on these individuals will reduce economic efficiency.
• C)increasing the income tax affects mostly middle-income and low-income individuals who are already paying heavy income taxes.
• D)not increasing income taxes will discourage corporations from increasing investment.

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Definitions:

Competitive Exclusion

A principle in ecology that states two species competing for the same limited resource cannot coexist at constant population values, one will always outcompete the other.

Competition

The interaction between organisms or species, where the fitness of one is lowered by the presence of another.

Commensalism

A type of symbiotic relationship where one organism benefits from the association while the other is neither benefited nor harmed.

Chemical Defenses

Strategies used by organisms to produce substances that deter predators or infections through toxic or repellent properties.