The benefits-received principle of taxation is not often used because
A. it leads to less equality in the after-tax distribution of income.
B. it leads to an overproduction of public goods.
C. it is difficult to determine the values individual taxpayers place on goods and services that are produced using tax revenue.
D. if tax payments are linked to the benefits received, taxpayers tend to overstate the benefits that they receive from public goods.
Answer: C
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Workers should invest in additional human capital as long as the:
A. marginal benefit exceeds the marginal cost. B. opportunity cost exceeds the marginal benefit. C. opportunity cost is zero. D. marginal cost exceeds the marginal benefit.
The key characteristic of macroeconomics is the process of aggregation
a. True b. False Indicate whether the statement is true or false
What does not raise consumer expenditures?
What will be an ideal response?
When income is $15,000, the amount of income income taxes owed is $2,000; when income increases to $20,000, the amount owed increases to $3,000. The marginal tax rate in this case is
A) 20 percent. B) 13.3 percent. C) 15 percent. D) 25 percent.