During Recent Elections,consumer Groups in Various States Attempted to Get

question 156

Multiple Choice

During recent elections,consumer groups in various states attempted to get the sales tax on all medicines and drugs removed.They argued that such a tax is severely regressive.What is the economic interpretation of their statement?

• A)The poor get ill more often than do the rich.
• B)The poor pay higher prices for medicine and drugs than do the rich.
• C)The poor pay a higher percentage of their income in taxes on medicine and drugs than do the rich.
• D)All consumers pay too much money for medicine and drugs.
• E)The sales tax discourages the poor from seeking medical treatment.

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Definitions:

At Risk

Refers to individuals or groups that are in a position of potential harm, loss, or adverse outcomes, often due to socioeconomic, health, or environmental factors.

Risk-Taking Behavior

Actions that involve exposure to danger or the possibility of loss, often undertaken for potential reward.

Adolescents

Individuals in the developmental stage between childhood and adulthood, typically between the ages of 13 and 19.

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Likely or prone to be affected by a particular condition or occurrence.