Turnover taxes are inefficient because _____
a. they are easy to avoid
b. they violate the ability-to-pay principle
c. they violate the benefit principle
d. they tax the same good multiple times
d
You might also like to view...
Macroeconomic models particularly focus on the following three economic data series
A) real GDP, the unemployment rate, and inflation B) endogenous variables, exogenous variables, and GDP per person C) inflation, recessions, and business cycles D) real GDP, the employment rate, and interest rates E) real GDP, the unemployment rate, and depressions
The main reason that hyperinflation renders a currency worthless is that ________
A) the government cannot print money fast enough to keep up with the rising prices B) laws against raising prices are easily evaded C) reducing government expenditures is politically unpopular D) the government's "official" inflation rate is always a gross understatement E) as soon as inflation seems out of control, everyone knows that the currency will soon lose whatever value it has today