According to the benefits-received principle, those who receive the benefits from a government program should pay the taxes that support the program
Indicate whether the statement is true or false
TRUE
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The difference between the interest income or receipts earned on investments in the rest of the world by the residents of a given country and the payments to foreigners on investments they have made in the given country is called:
A) unilateral transfers. B) bilateral transfers. C) net investment income. D) gross investment income.
The actual government budget surplus ________ be used to determine the effectiveness of discretionary fiscal policy actions because ________
A) cannot; it excludes non-discretionary spending changes B) can; it includes non-discretionary spending changes C) cannot; it includes non-discretionary spending changes D) can; it excludes automatic stabilization expenditures
The economic concept of "opportunity cost" is most closely associated with which of the following management considerations?
A) market structure B) resource scarcity C) product demand D) technology
China is a clear example of a country that has:
A. achieved economic growth without a democratic regime. B. achieved economic growth only after a democratic regime was in place. C. failed to achieve economic growth without a democratic regime. D. failed to achieve economic growth, despite having a democratic regime.