Asked by Stanley Little on Jun 07, 2024

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Which statement is true?

A) Compared with citizens of other industrial countries,Americans are not as heavily taxed.
B) Public goods are usually not provided by private enterprise because they would not be profitable.
C) Public education is traditionally funded largely by local property taxes.
D) In 1990 and in 1993 taxes for the rich were increased substantially.
E) All the choices.

Local Property Taxes

Taxes imposed by local governments based on the assessed value of property, primarily real estate, used to fund local services such as schools, roads, and police.

Industrial Countries

Nations with developed economies characterized by significant industrial activity and high income per capita.

Public Goods

Goods that are non-excludable and non-rivalrous in consumption, meaning they are available for everyone to consume, without diminishing the availability for others.

  • Identify the primary sources of tax revenues and government spending patterns.
  • Analyze the economic and social implications of tax policies and government spending.
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JR
jessica remorenkoJun 08, 2024
Final Answer :
E
Explanation :
All the statements are true. Americans are taxed less heavily compared to citizens of other industrial countries. Public goods are typically not provided by private enterprises due to lack of profitability. Public education is indeed funded largely by local property taxes. Lastly, taxes for the rich were increased substantially in both 1990 and 1993.