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Different societies might utilize the same __________ in different ways.
Regressive Tax
False
True
Resource
need
True
Proportional Tax
True
The federal budget consists of several categories, but national defense and social security are the highest.
Regressive Tax
False
True
Resource
need
True
Proportional Tax
True
Wants that are considered to be anything other than a basic survival __________.
Regressive Tax
False
True
Resource
need
True
Proportional Tax
True
a tax for which the percentage of income paid in taxes decreases as income increases( example: a sales tax would take a higher percentage of lower income person’s money)
Regressive Tax
False
True
Resource
need
True
Proportional Tax
True
a tax for which the percentage of income paid in taxes remains the same for all income levels( example: 10% for everyone)
Regressive Tax
False
True
Resource
need
True
Proportional Tax
True
The goal of economic freedom is the right to choose.
Regressive Tax
False
True
Resource
need
True
Proportional Tax
True
Gross Domestic Product only examines half of the dollar value in all final goods/ services.
Regressive Tax
False
True
Resource
need
True
Proportional Tax
True
Medicare/ Medicaid are considered to be apart of the economic functions of government under the redistribution of income.
Regressive Tax
False
True
Resource
need
True
Proportional Tax
True
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