A theory of fairness that holds that taxpayers should contribute to the government in proportion to the benefits they receive from public expenditures is the
A. benefits-received principle.
B. equity principle.
C. ability-to-pay principle.
D. equality-for-all principle.
Answer: A
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Which of the following statements is true?
A) A higher wage can raise profits if productivity is directly proportional to wages. B) A higher wage can reduce the quantity supplied of labor. C) A higher wage can increase the quantity demanded of labor. D) A higher wage can raise profits if productivity of workers is fixed.
Refer to the scenario above. Which of the following is true if the car dealer has a reputation of trustworthiness?
A) The equilibrium outcome is equitable. B) There is no unique equilibrium. C) There are multiple equilibria. D) The equilibrium is socially efficient.
When foreign investors in Thailand began to realize that Thailand could not maintain its peg to the dollar indefinitely, they began to sell off their investments in Thailand and exchange the baht they received for dollars
This reduction in investment by foreigners is termed A) stabilizing capitalization. B) capital inflow. C) foreign direct investment. D) capital flight.
If you have a $50 co-pay, you must pay ____ for each doctor’s visit.
A. $50 B. $35 C. $25 D. None of the above is correct.