Many of the World's Industrialized Countries Initially Developed Their Industries

question 96

Multiple Choice

Many of the world's industrialized countries initially developed their industries with heavy tariff protection.In Canada's case,this was the basis for

• A)the National Policy of 1876.
• B)the National Energy Program of the 1980s.
• C)reciprocity.
• D)the NAFTA.
• E)the Charlottetown Accord.

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Definitions:

Tax Rates

The percentage at which an individual or corporation is taxed, which can vary according to income level, type of taxpayer, and jurisdiction.

Federal Marginal Income Tax

pertains to the portion of tax applied to an individual's or entity's last dollar of income, under the federal tax system, which uses progressively higher rates for higher income levels.

Tax Bracket

Categories at varying tax rates applied to ranges of income; the higher the income, the higher the percentage of tax levied.

Progressive

Pertains to political and social movements that aim for reforms and advancements by advocating for changes in economic, social, and political structures.