Gasoline taxes that are typically used for highway construction and maintenance are consistent with which of the following principles of taxation?
A) the ability-to-pay principle B) the vertical-equity principle
C) the horizontal-equity principle D) the benefits-received principle
D
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The reason that average labor costs are higher in the United States than in Haiti is that
A) workers are more productive in the United States. B) U.S. workers have a comparative advantage. C) Haitian workers have a comparative advantage. D) Haitian workers do not have union representation.
A competitive strategy is
A) is the development of a price fixing arrangement. B) the development of a distinctive capability. C) a rent-seeking strategy. D) a path to accounting profits.
Who said "The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist."
A. Adam Smith B. Karl Marx C. John Maynard Keynes D. John Stuart Mill
What percent (approximately) of the federal budget is made up of transfer payments?
a. 10 b. 25 c. 50 d. 80