The argument that each person should pay taxes according to how well the individual can shoulder the burden is called
a. the ability-to-pay principle.
b. the equity principle.
c. the benefits principle.
d. regressive.
a
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If the international value of the dollar rises, the
A. aggregate demand curve will shift inward. B. aggregate supply curve will shift outward. C. U.S. price level will fall. D. All of these responses are correct.
The size of a deadweight loss in a market is reduced by
A) market price being close to marginal cost. B) government legislating a ceiling price. C) government legislating a price floor. D) creative destruction.
When you duplicate yourself through other people your security is not dependent on your ability to perform.
A. True B. False
Refer to the information provided in Figure 1.1 below to answer the question(s) that follow.
Figure 1.1Refer to Figure 1.1. There is ________ relationship between the daily temperature and the number of gallons of ice cream purchased.
A. a positive B. both a negative and a positive C. a negative D. an inverse