The use of a property tax to fund public schools is an example of _____
a. the benefit principle at work
b. the ability-to-pay principle at work
c. a compromise between the benefit and ability-to-pay principles
d. the Ramsey rule at work
c
Economics
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Rates of inflation in the hundreds or thousands of percent per year are known as
A) super inflation. B) megainflation. C) hyperinflation. D) overinflation.
Economics
Which of the following describes the identity embodied in a balance sheet?
A. Net worth plus assets equal liabilities. B. Assets plus liabilities equal net worth. C. Assets equal liabilities plus net worth. D. Assets plus reserves equal net worth.
Economics