Economics- 100 pts- What has the greatest effect on the distribution of income?

3 criteria for effective taxes

What branch of the US Treasury Department that is in charge of collecting taxes

What is a tax in which the percentage of income is paid in tax is the same regardless of the level of income?

A tax that imposes a higher percentage rate of taxation on higher incomes than lower ones is called a

Define Flat Tax

Define Medicaid

What is the debt ceiling

What role does a tax assessor play in determining property taxes

What is the largest source of income for both state and local governments

Define Keynesian economics

Economic policies designed to stimulate the economy by removing government regulations and increasing production is referred to as

Explain Macroeconomics

Define Aggregate supply curve

What economic philosophy places primary importance on the role of currency in the economy

What shows the different amounts of goods and services an economy can produce at its full potential

List some reasons why countries would trade with another country

Define NAFTA

Why is international trade important to today's economy

Why does a nation need to develop a strong economy

Explain the importance of economic integration in a global economy

Explain the importance of conserving non-renewable resources

Explain advantages of a fixed mortgage rate

Causes of income inequality and of levels of equality/inequality include: tax policies, other economic policies, labor union policies, Federal Reserve monetary policies & fiscal policies, the market for labor, abilities of individual workers, technology and automation, education, globalization, gender bias, racism, and ...

Explanation:

the earth’s crust is broken into separate pieces called tectonic plates (fig. 7.14). recall that the crust is the solid, rocky, outer shell of the planet. it is composed of two distinctly different types of material: the less-dense continental crust and the more-dense oceanic crust. both types of crust rest atop solid, upper mantle material. the upper mantle, in turn, floats on a denser layer of lower mantle that is much like thick molten tar.

each tectonic plate is free-floating and can move independently. earthquakes and volcanoes are the direct result of the movement of tectonic plates at fault lines. the term fault is used to describe the boundary between tectonic plates. most of the earthquakes and volcanoes around the pacific ocean basin—a pattern known as the “ring of fire”—are due to the movement of tectonic plates in this region. other observable results of short-term plate movement include the gradual widening of the great rift lakes in eastern africa and the rising of the himalayan mountain range. the motion of plates can be described in four general patterns:

collision: when two continental plates are shoved together

subduction: when one plate plunges beneath another (fig. 7.15)

spreading: when two plates are pushed apart (fig. 7.15)

transform faulting: when two plates slide past each other (fig. 7.15)

it's the under parts of the car