The benefits principle of taxation can be used to argue that wealthy citizens should pay higher taxes than poorer ones on the basis that
a. police services are more frequently used in poor neighborhoods.
b. the wealthy benefit more from services provided by government than the poor.
c. the poor are more active in political processes.
d. the poor receive welfare payments.
b
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If the income from investments abroad and net transfer payments are negligible, the current account becomes equivalent to a country's net exports
Indicate whether the statement is true or false
When managers do not own very much of the net worth of the firm, then
A) there may be a principal-agent problem. B) the firm will usually have to raise most of its funds in financial markets. C) the firm will have to rely more on equity financing than debt financing. D) the firm will have to rely more on debt financing than equity financing.
If someone experiences diminishing marginal utility when eating a restaurant meal, he or she should not eat the restaurant meal
Indicate whether the statement is true or false
If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years
a. True b. False Indicate whether the statement is true or false