Gasoline taxes are usually used in part to finance the road and highway repair and new construction. Which principle of taxation does this type of tax most fit and why?
What will be an ideal response?
This tax fits under the benefits-received principle of taxation. Presumably those who buy gasoline are also those who are using the roads and highways. Therefore, the tax is being levied on those who use the good or get a benefit from it.
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If new regulations make it illegal to sell older model electrical appliances, then
a. producers of new models that meet the regulations will see demand for their output rise. b. consumers who might have purchased to older appliances are clearly made better off. c. consumers are helped, but the profits of appliance producers are not affected. d. consumers will certainly gain from the change.
One reason economies always experience some unemployment is job search
a. True b. False Indicate whether the statement is true or false