If the government used the revenue from the excise tax on cigarettes to fund research on lung cancer treatment programs, this would be an example of

A. a benefits-received tax.
B. an ability-to-pay tax.
C. a vertical equity tax.
D. a user fee.

Answer: A

Economics

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Which/who of the following was NOT an opponent to rechartering either the First or the Second Banks of the United States?

(a) Andrew Jackson (b) Private banks (c) Nicholas Biddle (d) Rural interests

Economics

Sam quits his job as an airline pilot and opens his own pilot training school. He was earning $40,000 as a pilot. He withdraws $10,000 from his savings where he was earning 6 percent interest and uses the money in his new business. He uses a building he owns as a hangar that he could have rented out for $5,000 per year. He rents a computer for $1,200, buys office supplies for $500, rents an

airplane for $6,000 . pays $1,300 for fuel and maintenance, and hires one worker for $30,000 . Sam's total revenue from pilot training classes this year equaled $90,400 . Sam's explicit costs this year equal a. $84,400 b. $39,000 c. $55,000 d. $45,600 e. $40,000

Economics