Joe and Fred Are Economists

question 11

Multiple Choice

Joe and Fred are economists.Joe thinks that the wealthiest 10% of the US population should be taxed a rate higher than the rest of society because they can better afford it.Fred thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success.In this example,Joe and Fred

• A)disagree about the validity of a positive theory.
• B)have different normative views about tax policy.
• C)must both be incorrect because tax policy is never that simple.
• D)None of the above is correct.

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Definitions:

Muscle Relaxant

A type of medication designed to relieve muscle spasms or stiffness by acting on the central nervous system.

Clean Intermittent Catheterizations

A technique for bladder drainage involving the regular insertion of a catheter to empty the bladder, reducing the risk of infection.

Oxybutynin Chloride

A medication used to treat symptoms of overactive bladder, such as frequent or urgent urination, by helping to relax bladder muscles.