The Figure Given Below Shows the Lorenz Curves of Two

question 54

Multiple Choice

The figure given below shows the Lorenz curves of two countries (Country A and Country B) .Figure 19.2
Total income (cumulative percentage)
Total population (cumuative percentage)

-Which of the following tax structures helps in reducing income inequality?

• A)Proportional tax structure
• B)Regressive tax structure
• C)Indirect tax structure
• D)Progressive tax structure
• E)A combination of proportional and regressive tax structure.

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Shareholder Agreement

A contract among the shareholders of a company that specifies their rights, privileges, protections, and obligations.

Bylaws

The rules and regulations adopted by an organization or community to govern its actions and procedures.

Fundamental Changes

Significant alterations or transformations that affect the basic structure or core functions of an organization, system, or agreement.

Board of Directors

A group of appointed or elected members who jointly oversee the activities of an organization or corporation.