Changes in Tax Laws That Reduce Taxes More for Those

question 240

Multiple Choice

Changes in tax laws that reduce taxes more for those who save a lot will

• A)favor low-income households.
• B)favor people with high income.
• C)create a more egalitarian society.
• D)unambiguously increase national saving.

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Definitions:

Collectivist Cultures

Societies that emphasize interdependence, communal responsibilities, and the priorities of the group above personal achievements.

Individualistic Cultures

Cultures that emphasize personal achievement, independence, and self-reliance, valuing individual freedom and self-expression over communal goals.

Fundamental Attribution Error

The tendency to overestimate the effect of disposition or personality and underestimate the effect of the situation when explaining the behaviors of others.

White Americans

Individuals residing in the United States who identify as being of European, Middle Eastern, or North African descent.