If revenue from a cigarette tax is used to pay for healthcare for people with lung cancer, the cigarette tax may be justified on the basis of
a. the benefits principle.
b. the ability-to-pay principle.
c. vertical equity.
d. horizontal equity.
a
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If the GDP price index is 125 and nominal GDP is $130 billion, then real GDP equals ________ billion
A) $104.00 B) $162.50 C) $96 D) $1.04 E) $9.6
In the past dating was a fairly simple activity in the United States. If there was someone you wanted to go out with you would call them or ask them to go out for dinner and a movie
Nowadays it appears that many people are willing to pay large amounts of money to professional dating services to find a compatible mate. This idea is not a new one but it has increased quite dramatically in popularity. What does this suggest about what kind of good dating services might be and why? Are we likely to find this type of service be more or less prevalent in poorer countries?
Marginal utility is
A) the decrease in total utility from consuming more and more units of a good or service. B) the change in total utility a person receives from consuming an additional unit of a good or service. C) the change in total utility divided by the price of the last unit of a good or service consumed. D) the utility from consuming a given quantity of a good or service.
The policy of keeping tax rates stable as government spending fluctuates is known as ________
A) Ricardian equivalence B) tax smoothing C) crowding-out D) a tax smoothie