In which of the following cases does the benefit principle provide little guidance?
a. The benefits of the program are spread throughout the population.
b. Gasoline taxes are used to fund highways.
c. It is difficult to identify the beneficiaries of government programs.
d. In cases a and
c.
e. In none of the above cases.
d
You might also like to view...
The profit-maximizing rule for a perfectly competitive firm when choosing its level of output is to produce where price is equal to marginal cost
The profit-maximizing rule for a firm hiring labor in a perfectly competitive labor market is to hire workers up to the point where the marginal revenue product equal to the market wage. How are these two rules related to one another?
The coefficient of determination represents the ratio of the regression sum of squares to the total sum of squares
Indicate whether the statement is true or false
In 2016, national defense accounted for almost _____ of federal outlays
a. 25 percent b. 15 percent c. 40 percent d. 54 percent e. 60 percent
If the Fed was trying to reduce demand-pull inflation, it might:
a. sell government securities, lower reserve requirements and lower the discount rate. b. sell government securities, raise reserve requirements and raise the discount rate. c. sell government securities, lower reserve requirements and raise the discount rate. d. buy government securities, lower reserve requirements and raise the discount rate.