Gasoline taxes illustrate the benefits-received principle of taxation
a. True
b. False
A
You might also like to view...
A(n) ________ in U.S. prices will cause a decrease in the demand for U.S. dollars and a(n) ________ in the (per dollar) exchange rate
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Here's a rather specific question concerning U.S. historical agricultural data. Which of the following increased fivefold from 1950 to 1980?
a. number of farms b. use of horses and mules per farm c. number of farmers d. use of chemical fertilizers per acre e. acreage needed to feed horses and mules
A small open economy increases its investment demand. This causes the world real interest rate to ________ and the country's current account balance to ________.
A. rise; rise B. remain unchanged; fall C. remain unchanged; rise D. rise; fall
Refer to A Negative Externality Problem. The equation for social marginal cost is
Demand for a good is given by Q = 100 - P. The private marginal cost of production is MCP = 10 + Q. There is a $10 per unit negative production externality in this situation. a. MCS = 10 + Q b. MCS = Q c. MCS = 20 + Q d. MCS = 10 + 10Q