A Tax Is Said to Be Progressive If

question 100

Multiple Choice

A tax is said to be progressive if

• A)the absolute size of the tax (in dollars)increases as income increases
• B)the wealthy pay a smaller percentage of their income than the poor
• C)the average tax rate falls as income rises
• D)the proportion of income paid as taxes increases as income increases
• E)the proceeds are used to pay for liberal political programs

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Definitions:

Product Life Cycle

The progression of a product through stages from introduction to growth, maturity, and decline, impacting marketing and production strategies.

Promotional Objective

This is the goal or desired outcome that a company aims to achieve through its promotional activities, such as increasing brand awareness or boosting sales.

Maturity

A stage in the lifecycle of a product, market or industry where growth has stabilized or slowed, characterized by saturation of demand and increased competition.

Maturity Stage

A phase in the product life cycle where growth stabilizes, sales peak, and competition becomes more intense, requiring strategies for maintaining market share.