The principle that people should pay taxes based on the benefits they receive from government services is called the
a. pay principle.
b. tax-benefit principle.
c. government services principle.
d. benefits principle.
d
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Which of the following statements about the United States is (are) correct?
i. The labor force is larger than the number of employed people. ii. The labor force is larger than the number of unemployed people. iii. The number of unemployed people is larger than the number of employed people. A) ii only B) iii only C) ii and iii D) i and ii E) i, ii, and iii
Costs as measured by accountants generally does not include
A) any of the opportunity costs of the firm. B) any measure of depreciation. C) the economic depreciation of the firm's equipment. D) any rental rates.
In the dollar:pound foreign exchange market, is it always true that when the demand for dollars rises the supply of pounds falls?
a. Yes. This is always true. b. No. This is not always true. c. Like most things in life, it depends on a variety of other factors.
Suppose the cost of flying a 100-seat plane for an airline is $50,000 and there are 10 empty seats on a flight. The average cost per seat is
a. $50. b. $500. c. $50,000. d. This cannot be determined from the information given.