Which of the Following Statements Regarding the Political Process of Creating

question 12

Multiple Choice

Which of the following statements regarding the political process of creating tax law is false?

• A)The political process contributes to the dynamic nature of the tax law.
• B)Special interest groups have little effect on the tax legislative process.
• C)When taxpayers device a new tactic for reducing their tax burdens,governments respond by enacting a new rule to render the tactic ineffective.
• D)Changes in political philosophy often reflect shifts in the public attitude about the proper role of taxes in society.

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Definitions:

Pro Football Games

Professional American football matches played by teams that are members of the National Football League (NFL) or other professional football leagues.

Normal Goods

Goods for which demand increases as the income of consumers increases and vice versa, showing a direct relationship between income and demand.

Demand Schedule

A list or table showing how much of a good or service consumers will want to buy at different prices.

Elasticity

The degree to which the demand or supply of a product responds to changes in price or other factors, indicating how adjustments in price can influence market dynamics.