Ad Valorem Taxation Means

question 138

Multiple Choice

Ad valorem taxation means

• A) that only the value added by a service provider is taxed.
• B) that the tax rate is a percentage of the price paid for a product.
• C) a negative income tax.
• D) a progressive property tax imposed in some states.

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Definitions:

Attitude

A predisposition to respond to a particular object in a generally favorable or unfavorable way.

Learned Helplessness

A psychological state in which an individual learns to believe that they are powerless to change their situation despite the availability of opportunities to do so.

Self-fulfilling Prophecy

When persons behave toward another person according to a label (impression) and cause the person to respond in ways that confirm the label.

Stereotype Threat

The suspicion a member of a group holds that he or she will be judged based on a common stereotype of the group.