________ Refers to a Reduction in the Property Tax One

question 65

Multiple Choice

________ refers to a reduction in the property tax one owes if the calculated tax grows to be larger than a given percentage of one's income.

• A)The two-track system
• B)The circuit breaker exemption
• C)Malapportionment
• D)Gerrymandering
• E)Collective bargaining

---

Definitions:

Human Capital

The knowledge and skills that make a person productive.

Aggregate Demand

Aggregate demand represents the total demand for all goods and services within a country's economy at a given overall price level and in a given time period.

Production Possibilities Curve

A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed.

Foreign Aid

Economic, technical, or military assistance given by one country to another for purposes of relief and redevelopment, economic stabilisation, or mutual defense.