The benefits principle states that those who
a. pay the taxes should reap the benefits.
b. reap the benefits from government should pay the taxes.
c. are best able to pay should pay for what they receive.
d. pay taxes get the benefits they deserve.
b
Economics
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Refer to Figure 9.2. A movement from point b to point a could be caused by a(n)
A) increase in government spending. B) decrease in the price of oil. C) increase in taxes. D) a massive crop failure.
Economics
People buy insurance
a. because they are risk averse. b. to defer consumption. c. because of externalities. d. to maximize their welfare. e. to ensure against poor health.
Economics