Which of the Following Is True of the Tax and Transfer

question 25

Multiple Choice

Which of the following is true of the tax and transfer programs of the United States?

• A) Tax-transfer programs persistently redistribute income from the rich to the poor.
• B) Social Security, the largest transfer program, redirects income toward the elderly, a group with above-average levels of both income and wealth.
• C) The bulk of agriculture subsidies go to large farmers with above-average incomes.
• D) Taxes generally take a larger share of the income of the poor than is true for those with higher incomes.
• E) Both b and c are true.

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Definitions:

Flexibility

Flexibility in a workplace context refers to the adaptability of an organization and its employees to changes or new demands, including work schedules, tasks, and strategies.

Adaptability

The ability to adjust oneself readily to different conditions and environments.

Continuous-Process Production

A production process where raw materials are continuously transformed by an automated system.

Highly-Automated

Describing a system or process that extensively uses automation technology to reduce or eliminate human intervention.