Which of the following taxes is based on the benefits-received principle?
a. corporate income taxes
b. personal income taxes
c. property taxes
d. gasoline excise taxes
e. user fees that collect the same amount from each person
D
You might also like to view...
The presence of diminishing marginal returns to labor leads to decreasing marginal revenue product of labor and a downward-sloping demand for labor curve
a. True b. False
Regression coefficients are indicators of the impact of independent variables on dependent variables.
A. True B. False C. Uncertain
Explain why new classical economists favor a laissez faire policy approach.
What will be an ideal response?
For ________ goods, market demand is the horizontal summation of individual demand curves and for ________ goods, market demand is the vertical summation of individual demand curves.
A. public; private B. nonexcludable; excludable C. private; public D. nonrival; rival