The benefits principle is often used to justify
a. the progressive income tax.
b. a flat income tax.
c. a regressive excise tax.
d. earmarking the proceeds from taxes for specific public services.
d
You might also like to view...
The range of output for a duopoly ranges between the
A) perfectly competitive outcome and the monopolistically competitive outcome. B) efficient scale and the perfectly competitive outcome. C) minimum of ATC and the efficient scale. D) monopoly outcome and the perfectly competitive outcome. E) short-run perfectly competitive outcome and the long-run perfectly competitive outcome.
If entry is limited due to a limited input, firms in that market earn long run economic profit
Indicate whether the statement is true or false
Demand-side inflation is normally accompanied by
a. falling real GDP, while supply-side inflation may be accompanied by rising real GDP. b. falling real GDP; the same is true of supply-side inflation. c. rising real GDP, while supply-side inflation may be accompanied by falling real GDP. d. rising real GDP; the same is true of supply-side inflation.
Which of the following influences bond ratings?
a. the strength, breadth, and reliability of the tax base b. the historical performance of the revenue stream c. the risk associated with the project d. the underlying economic strength of the stadium or arena or the community e. all of these