According to the benefits principle, it is fair for people to pay taxes based on the benefits they receive from the government
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Disguised unemployment refers to
a. workers who shirk their responsibilities and don't contribute to output b. unemployed people who don't admit they are unemployed c. workers whose output is valued at less than their wage d. unemployed people who pretend to be working e. none of the above
Mass production was made possible by mass consumption, a national market and international trade
Indicate whether the statement is true or false
Economists usually have to make do with whatever data the world happens to give them
a. True b. False Indicate whether the statement is true or false
The smaller is the absolute price elasticity of demand, the
A) smaller is the responsiveness of quantity demanded to the price change. B) larger is the responsiveness to a price change. C) larger is the income of the buyer. D) higher is the change in demand to an income change.