A theory of fairness that holds that taxpayers should contribute to the government in ________ the benefits they receive from public expenditures is the benefits-received principle.
A. a greater proportion than
B. proportion to
C. a smaller proportion than
D. The benefits-received principle does not equate taxpayer contributions to the government and benefits received from public expenditure.
Answer: B
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Which of the following is NOT a component of gross domestic product?
A) purchases by consumers of used goods B) government purchases C) net exports D) purchases by consumers of finished goods
If the value of the Euro changes from €1.1 per peso in 2009 to €1.27 per peso in 2012, we can say that there has been a(n) _____ in the value of the Euro between 2009 and 2012
a. appreciation b. devaluation c. depreciation d. acceleration
Labor taxes may distort labor markets greatly if
a. labor supply is highly inelastic. b. many workers choose to work 40 hours per week regardless of their earnings. c. the number of hours many part-time workers want to work is very sensitive to the wage rate. d. "underground" workers do not respond to changes in the wages of legal jobs because they prefer not to pay taxes.
We can find the market demand for pears by:
A. adding all the prices people are willing to pay for pears. B. multiplying the number of people times the price of pears. C. adding the number of pears that producers are willing to sell. D. adding the individual demand curves for pears.