If Policymakers Want to Reduce the Share of Income That

question 147

Multiple Choice

If policymakers want to reduce the share of income that high income earners receive,then they should prefer a ________ tax system.

• A) regressive income
• B) progressive income
• C) consumption
• D) proportional income
• E) per capita

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Definitions:

Modified

Changed or altered from the original form, often to improve functionality or performance.

Temporary Use

The limited-time utilization of an asset or service for a specific period or purpose.

Personal Purpose

A motive or intention that serves an individual's own interests or desires, often distinct from business or professional objectives.

Goods Contract

A legally binding agreement concerning the sale, purchase, or lease of physical items or products.