According to the benefits principle, it is fair for people to pay taxes based on the benefits they receive from the government

Normative economics deals with

a. how the economy actually works b. how a change in government budgets affects the price level c. how prices are determined in specific markets d. value judgments e. the historical growth of an economy

Graphically, the optimum choice of a consumer is determined at: a. the point of intersection of the lowest indifference curve and the budget constraint. b. the point of intersection of the budget line and the vertical axis

c. the point where the highest indifference curve is tangent to the budget constraint. d. the point of intersection of the budget line and the horizontal axis.