Which of the Following Taxes Is Regressive

question 5

Multiple Choice

Which of the following taxes is regressive?

• A)Federal Insurance Contributions Act (FICA)
• B)excise tax
• C)property tax
• D)gift tax

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Definitions:

Ceteris Paribus Assumption

A Latin term meaning "all other things being equal," used in economics to isolate the effect of one variable on another by holding all other relevant factors constant.

Comparative Economics

Comparative economics studies and contrasts the differences, advantages, and disadvantages of various economic systems, such as capitalism and socialism.

Economic Theory

A framework or set of principles used to analyze and make predictions about economic behaviors and phenomena.

Teenage Unemployment

The scenario reflecting the unemployment rate among teenagers, often highlighting challenges in job market access and entry-level job availability for young individuals.