The Emeritus Physics Professor Taught at the University for Forty

question 98

Multiple Choice

The emeritus physics professor taught at the university for forty years and had built quite a following in the community and an enviable LinkedIn network of alumni donors.The university was loath to ask him to retire,so they set up a lab where he could pursue his two passions,a perpetual motion machine and cold fusion,either of which would solve the world's energy problems.As the years passed,the budget was held constant and suffered due to the rise in prices for perpetual motion machine parts.Cold fusion material certainly wasn't getting any cheaper either,and it was evident to all the other physicists that the project was subjected to termination by:

• A)Extinction.
• B)Integration.
• C)Starvation.
• D)Addition.

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Definitions:

Regressive

A term often used to describe taxes where the tax rate decreases as the taxable amount increases.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, representing the tax rate applied to each additional dollar of income.

Average Tax Rate

The fraction of total income that is paid as taxes, calculated by dividing the total tax amount by the total income.

Progressive

Progressive, in an economic context, refers to a taxation or policy structure where the tax rate increases as the taxable base amount increases, often aimed at reducing income inequality.