If Policymakers Are Concerned About the Unequal Distribution of Income

question 79

Multiple Choice

If policymakers are concerned about the unequal distribution of income within society,then they should prefer a:

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

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Definitions:

Government Taxes

Mandatory financial charges imposed by a government on individuals, businesses, and transactions to fund public expenditures.

Prices on Imports

The cost associated with goods or services bought from another country and brought into the importing nation.

Largest Importers

Countries or entities that import the greatest volume of goods from other countries, playing a significant role in global trade.

U.S. Products

Goods and services that are produced within the United States, reflecting the country's economic output.