Entry fees at national parks and monuments are an example of:
A. the ability-to-pay principle of taxation.
B. the benefits-received principle of taxation.
C. government bureaucracy and inefficiency.
D. the principle of limited and bundled choice.
Answer: B
You might also like to view...
Which type of industry is likely to see more intraindustry trade?
What will be an ideal response?
At the time of the South Korean financial crisis, the merchant banks were
A) almost virtually unregulated. B) subject to heavy government regulation. C) engaged in long-term lending to the corporate sector. D) restricted to long-term foreign borrowing.
Productivity, or output per labor hour, rises as transportation costs fall
Indicate whether the statement is true or false
The initial impact of the Fed's open market sale of government securities by the Federal Reserve is
A) an increase in the money supply by some multiple of the dollar volume of the sale. B) an increase in commercial bank deposits at the Fed. C) a fall in the money supply by some multiple of the dollar volume of the sale. D) a reduction of the commercial banking system's reserve deposits at the Fed.