Examlex
Which of the following actions are recommended by the Child Nutrition and WIC Reauthorization Act of 2004?
Slightly Regressive
Refers to a tax system or policy that places a relatively higher tax burden on low-income earners compared to high-income earners, but the difference is not pronounced.
Excise Tax
A tax directly levied on specific goods or services, such as tobacco or gasoline, usually to discourage their use or generate revenue.
Highly Inelastic
A situation where the demand or supply for a good or service is insensitive to changes in its price.
Highly Elastic
Describes a situation where the supply or demand for a product or service changes significantly in response to changes in price.
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