"He who pays a tax should receive the benefit from the expenditure financed by the tax." This statement reflects which of the following principles for a tax?
A. fairness of contribution
B. ability-to-pay
C. benefits-received
D. efficiency
Answer: C
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Explain why Argentina, one of the world's richest countries at the start of the twentieth century, has become progressively poorer relative to the industrial countries
[An alternative question: What explains Argentina's regress from riches to rags?]
What is the real GDP in year 1 using base year 2?
A) $418. B) $300. C) $360. D) $338.
A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks
a. True b. False Indicate whether the statement is true or false
Capital inflows in the form of direct investment can provide ________; this is a ________ of capital inflows
A) access to political power; cost B) access to political power; benefit C) increases in external debt; cost D) decreases in external debt; benefit