The answer is <em>Sales Tax</em> can be described as Indirect and Regressive. It is indirect because the retribution that the consumer is going pay is collected by the seller, who acts as an intermediary between the people and the government and then is handed to the government (contrary to the direct type in which the taxation amount goes directly into the government's arks).
This type of system is also regressive because it doesn't change (increasing or decreasing) according to the payer's income. Instead, it puts a heavier contribution load on the people with lower incomes, and not on the rich and more wealthy part of the population.
Explanation:
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Current trade policies in the US are supported by transparency and non-discriminative trading activities. Currently, the scope of Web 3.0 is not included in the trade policies of the US economy.
<h3>What is a trade policy?</h3>
A policy, which is implemented regarding international trade and commerce by a national government, which is aimed at growth and development of trade in its economy, is known as a trade policy.
Hence, the significance of a trade policy is aforementioned.
Learn more about a trade policy here:
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Answer:
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The Federal Reserve System has a two-part structure: a central authority called the Board of Governors in Washington, D.C., and a decentralized network of 12 Federal Reserve Banks located throughout the country.
