In a Comparison of All the States,Texas Has Among the Fewest

question 10

Multiple Choice

In a comparison of all the states,Texas has among the fewest employees per 10,000 population in all of these areas except _____.

• A)higher education
• B)highways
• C)corrections
• D)hospitals
• E)public welfare

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Definitions:

Equity Principle

A concept in finance that emphasizes fair distribution of wealth and assets, ensuring that financial transactions are conducted fairly and equitably.

Taxes

Mandatory financial charges or levies imposed by a government on individuals or businesses to fund public expenditure.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to taxation, meaning all taxpayers pay the same percentage of their income.

Regressive Tax

A tax applied uniformly, taking a larger percentage of income from low-income earners compared to high-income earners.