Four Friends from Across the World Have Gathered in Rome

question 126

Multiple Choice

Four friends from across the world have gathered in Rome to celebrate the 85th birthday of their American friend Max.Attendees include Dmitri, a 73-year-old Russian, 75-year-old Giorgio from Tuscany, and 80-year-old Lethabo from South Africa.Based on information in your textbook, who is most likely to have an impairment with activities of daily living?

• A)Max
• B)Dmitri
• C)Giorgio
• D)Lethabo

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Definitions:

Horizontal Equity

The principle that individuals with similar income or assets should pay the same amount in taxes.

Vertical Equity

A principle in taxation where taxpayers with a greater ability to pay, pay more in taxes, demonstrating a progressive tax system.

Small Economy

An economy that is limited in size, characterized by a smaller population, lower GDP, and less impact on international markets compared to larger economies.

Horizontal Equity

A principle in taxation that asserts that individuals with the same income or resources should pay the same amount in taxes.