The Idea That People in Equal Conditions Should Pay Equal

question 249

Multiple Choice

The idea that people in equal conditions should pay equal taxes is referred to as

• A)horizontal equity.
• B)vertical equity.
• C)the ability-to-pay principle.
• D)the marriage tax.

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Definitions:

Monopsony

Monopsony is a market condition where there is only one buyer for a product or service, giving the buyer substantial control over the market and the terms of purchase.

J.P Stevens

An American textile manufacturer once prominent but now absorbed through various mergers; also known for landmark labor disputes.

ToyotA

A multinational automaker headquartered in Japan, known for its innovative production methods and a wide range of vehicles.

Hospitable

Characterized by or showing kindness and warmth to guests or strangers.