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revenue taxes (e.g., sales tax) are levied at the same rate regardless of a person's income. They cause poorer people to pay a higher percentage

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revenue taxes (e.g., sales tax) are levied at the same rate regardless of a person's income. They cause poorer people to pay a higher percentage of their income for these taxes than rich people pay. A) Regressive B) Progressive C) Restricted D) Protective Regressive Progressive Restricted Protective The most important difference between command economies and market economies is_____ A) access to human rights B) who controls the factors of production C) the government in power D) freedom of the press access to human rights who controls the factors of production the government in power freedom of the press When Henry Ford adopted the assembly line to mass produce the Model-T in 1913, he decided to pay his workers a relatively high wage because he believed that workers should be able to afford to buy what they make. This is consistent with the idea of A) communism B) input and output markets C) socialism D) privatization communism input and output markets socialism privatization The political basis for the free market economy is called which allows private ownership of the factors of production and encourages entrepreneurship by offering profits as an incentive. A) Marxism B) Capitalism C) Consumerism D) Socialism Marxism Capitalism Consumerism Socialism

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