Some Argue That Increasing Taxation on the Nation's Wealthiest Would

question 1

Multiple Choice

Some argue that increasing taxation on the nation's wealthiest would harm job creation and therefore harm the nation.This argument is an example of which aspect of ideology?

• A)Ideology represents particular group interests as universal
• B)Ideology obscures contradictions in society
• C)Ideology naturalizes social relations through the process of reification
• D)None of the above

---

Definitions:

Nominal Exchange Rate

The rate at which one currency can be exchanged for another currency, not adjusted for inflation.

Real Exchange Rate

The rate at which two currencies can be exchanged after adjusting for inflation differences.

Purchasing-Power Parity

An economic theory stating that in the absence of transaction costs and with efficient markets, equivalent goods should have the same price when converted into a common currency.

Purchasing-Power Parity

A theory which posits that currencies are in equilibrium in terms of exchange rates when the purchasing power in both countries is identical.