Government assumes some responsibility for providing a minimum standard of living for all citizens to compensate for the increase in income inequality caused by government tax revenues and expenditures.
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Q1: The efficiency loss of a tax is
Q2: Economists agree that corporations always shift the
Q4: The government is like business firms in
Q5: A tax is progressive if the average
Q6: A highly progressive tax takes relatively more
Q7: About two-thirds of all federal spending is
Q8: A progressive tax takes relatively more from
Q9: If you pay a $2,000 tax on
Q10: The major expenditure of local governments is
Q11: Sales taxes on consumer goods are regressive
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