A theory of fairness that holds that taxpayers should contribute to the government in ________ the benefits they receive from public expenditures is the benefits-received principle.
A. proportion to
B. a greater proportion than
C. a smaller proportion than
D. The benefits-received principle does not equate taxpayer contributions to the government and benefits received from public expenditure.
Answer: A
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Differentiate between an oligopoly and a monopolistic competition on the basis of the number of firms and the degree of product differentiation
What will be an ideal response?
The principle that people would rather leave things as they are is called _____
a. status quo b. stand still c. stagnation d. pause e. quo warranto
Prices serve the public interest by
a. making resource owners wealthy. b. rationing scarce resources. c. keeping poor people from purchasing more than they can afford. d. forcing the government to participate in the market.
When two goods are perfect substitutes, the marginal rate of substitution
a. is constant along the indifference curve. b. decreases as the scarcity of one good increases. c. increases as the scarcity of one good increases. d. changes to reflect the consumer's changing preferences for the goods.