Statement I

question 177

Multiple Choice

Statement I.There have been more major strikes involving large groups of workers in the 1980s and 1990s than there were in the two previous decades.
Statement II.If the threat of a strike were removed--either by mutual agreement or by law--a greater motivation would exist to make collective bargaining work.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Regressive Tax

A tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income individuals.

Taxable Property

Property subject to taxation, such as real estate, vehicles, and personal possessions, depending on jurisdictional tax laws.

Property Taxes

Property taxes are levies on real estate assessed based on the property's value. They are a major source of revenue for local governments, funding public services like education and infrastructure.

Excise Tax

An excise tax is a tax imposed on the sale of specific goods and services, such as tobacco, alcohol, and gasoline, often levied at the time of purchase.