The theory that the wealthy should contribute more to police protection than the poor because they have more to protect is based on

a. the ability-to-pay principle.
b. a consumption tax plan.
c. the benefits principle.
d. property tax assessments.

c

Economics

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During the mid-2000s, the average price of a used car fell by nearly $500 and the quantity sold nation-wide decreased by several thousand each year. This set of results is a contradiction of the law of demand

Indicate whether the statement is true or false

Economics

If a dollar buys less coffee in the U.S. than in Kenya, then

a. the real exchange rate is greater than 1; a profit might be made by buying coffee in Kenya and selling it in the U.S. b. the real exchange rate is greater than 1; a profit might be made by buying coffee in the U.S. and selling it in Kenya. c. the real exchange rate is less than 1; a profit might be made by buying coffee in Kenya and selling it in the U.S. d. the real exchange rate is less than 1; a profit might be made by buying coffee in the U.S. and selling it in Kenya.

Economics