What Does the Life-Cycle Effect Predict Will Happen to People's

question 73

Multiple Choice

What does the life-cycle effect predict will happen to people's political attitudes as they age?

• A)that they will become more liberal
• B)that they will become more libertarian
• C)that they will become more conservative
• D)that they will become less partisan
• E)that they will become less populist

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Definitions:

Tax Revenues

The fiscal resources that are obtained by governments from taxes.

Vertical Equity

A principle in taxation where taxpayers with a greater ability to pay, typically measured by income or wealth, contribute more in taxes.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction that they are not directly involved in.

Taxes

Obligatory charges imposed by the government on the earnings of employees, profits of companies, or included in the prices of various goods, services, and transactions.