Which of the following situations is a clear application of the benefits principle of taxation?
a. wealthier people are taxed more heavily
b. heavier vehicles are charged higher tolls on turnpikes
c. state government providing a free education to any child in the state
d. sales of measles vaccine exempt from sales tax
b
Economics
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The perfectly competitive model assumes that: a. individual sellers can influence the market price
b. sellers can increase their total revenue by raising prices. c. firms can enter and exit the industry with relative ease. d. firms compete by varying a product's quality rather than a product's price.
Economics
List three things that shift the short-run Phillips curve to the right
Economics