Which of the following is not based on the benefits-received principle of taxation?
a. charging a fee for use of public golf courses
b. differences between residential and out-of-state college tuition
c. the excise tax on gasoline
d. toll booths on a highway
e. charging a fee per bag to haul away garbage
B
You might also like to view...
One reason for computing the logarithms (ln), or changes in logarithms, of economic time series is that
A) numbers often get very large. B) economic variables are hardly ever negative. C) they often exhibit growth that is approximately exponential. D) natural logarithms are easier to work with than base 10 logarithms.
If you are willing to sell your lawn mower business for $355,000 and someone offers you $420,000 for it, this transaction will generate:
a. There is no surplus created b. $65,000 worth of seller surplus and unknown amount of buyer surplus c. $30,000 worth of buyer surplus and $35,000 of seller surplus d. $65,000 worth of buyer surplus and unknown amount of seller surplus
Which of the following might cause a market to produce a quantity that is less than optimal?
a. A price ceiling above the market equilibrium price. b. Market control by a monopolist. c. A subsidy to low-income consumers. d. None of the above.
What is the inflation tax, and how might it explain the creation of inflation by a central bank?