Match the Person or Term with the with the Correct

question 56

Multiple Choice

Match the person or term with the with the correct description.
-horizontal integration

• A)merit system for federal employees
• B)believed that equality of wealth was required for freedom
• C)a corrupt political machine
• D)a combination of corporations to establish a monopoly
• E)Indians were not American citizens
• F)buying out one's competitors
• G)controlling every phase of a business
• H)broke up tribal lands
• I)spending money simply to show off wealth
• J)survival of the fittest
• K)covered in gold
• L)covered thousands of acres

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Definitions:

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting low-income earners.

General Sales Taxes

A tax imposed on sales transactions, usually calculated as a percentage of the sales price and collected by the seller at the point of purchase.

Personal Income Taxes

Taxes levied on the income of individuals, typically graduated so that higher income levels are taxed at higher rates.

Progressive

Describes a tax system where the tax rate increases as the taxable base amount increases, typically aimed at reducing income inequality.