The two most significant problems with the tax system in Texas are _____
a. fairness and the lack of elasticity
b. its focus on personal and corporate income taxes
c. its overreliance on state property taxes and borrowing
d. its overtaxing of businesses both large and small
e. all of these
a
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Which of the following was a problem under the Articles of Confederation? a. The national government was too strong compared to the states
b. Amendments were too easy to ratify. c. Congress imposed excessive taxes. d. Citizens lacked the specific power to tax.
In political economy, the term laissez-faire means that the federal government's involvement in the economy
a. traditionally was not limited at all, but due to the process of privatization has become more limited. b. involves the establishment of a national plan identifying desirable priorities for economic and social development. c. is limited to macroeconomic policy-making. d. is limited to regulating interstate commerce and commerce with foreign nations. e. is significant due to its policy of nationalization, whereby the state assumes ownership and operation of private companies.