The benefits received principle suggests that:
a. traditional exemptions should be removed since they benefit people with ability to pay more taxes.
b. people with different levels of income should be treated in the same manner
c. individuals receiving the benefits should be those who pay for them.
d. those with the greatest ability to pay taxes should pay more than those with the least ability to pay taxes.
c
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Distinguish between craft unions and industrial unions
What will be an ideal response?
What percentage of millionaires in the United States are self-made?
a. about 20 percent b. about 40 percent c. about 60 percent d. about 80 percent
What is the effect of the interaction of buyers and sellers on a market?
(A) Association of both supply and demand with income. (B) Agreement on the price and the quantity traded. (C) Theoretical relationship between price and use. (D) Desire for goods that cannot actually be afforded.
To eliminate an inflationary gap, the expenditure schedule should
A. shift upward. B. shift downward. C. become flatter. D. become steeper.