If tax revenues from a tax on wine, beer, and hard liquor are used to pay for healthcare expenses related to liver damage, the alcohol tax could be justified using the __________
Fill in the blank(s) with correct word
benefits principle
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Which of the following owns the largest proportion of the national debt?
a. Foreigners. b. Federal, state, and local governments and the Federal Reserve. c. Private individuals, banks, and corporations. d. None of these.
Ralph is a plumber. Which of the following are included in his human capital?
a. the knowledge he learned on the job, and the tools he uses b. the knowledge he learned on the job, but not the tools he uses c. the tools he uses, but not the knowledge he learned on the job d. neither the knowledge he learned on the job nor the tools he uses
Which of the following best describes a subsidy?
A. Banks make low-interest loans to farmers B. Farmers pay the government $100 per ton of wheat produced C. The government puts a tax of $100 per ton on wheat imports D. The government pays farmers $100 per ton of wheat produced
A doctor pursuing the interests of his patients rather than his own interests is an example of the principal-agent problem
Indicate whether the statement is true or false