Based on Information Provided in the Textbook,which of the Following

question 157

Multiple Choice

Based on information provided in the textbook,which of the following statements is true regarding taxing millionaires and the budget deficit in 2012?

• A)If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate,the budget deficit would have been completely eliminated,and a budget surplus would have been incurred.
• B)If the government had taxed all income earners who earned more than $1 million a 50 percent income tax rate,the budget deficit would have been completely eliminated.
• C)If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate,the budget deficit would have fallen but not been completely eliminated.
• D)If the government had taxed all income earners who earned more than $1 million a 100 percent income tax rate,the budget would have been balanced.

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Definitions:

Perception

The process of interpreting and understanding sensory information from the environment.

Stimuli

External or internal changes that influence the behavior or responses of an organism.

Specialized Cells

Cells differentiated to perform specific functions in an organism, such as muscle cells for movement.

Receptors

Specialized cells or protein molecules in the body that receive and respond to chemical signals, such as neurotransmitters or hormones.