If the shoplifter knows that the security guard has a reputation of always being vigilant, what is his best response?

If salt has a ________, then ________ pay most of any tax levied on salt

A) high elasticity of supply; sellers B) low elasticity of demand; buyers C) high elasticity of demand; buyers D) low elasticity of supply; buyers

The double taxation of capital gains can be justified _____

a. on the ability-to-pay principle b. on efficiency grounds c. on the grounds that government needs more revenue d. on the benefit principle