Some cities finance their airports with a departure tax: every person leaving the city by plane is charged a small fixed dollar amount that is used to help pay for building and running the airport. The departure tax follows the:

a. benefits-received principle.
b. ability-to-pay principle.
c. flat-rate taxation principle.
d. public-choice principle.

a

Economics

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Refer to the scenario above. The increase in output due to a one-unit increase in capital is smallest at point ________

A) A B) B C) C D) D

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The period between a business cycle peak and a business cycle trough is called

A) recalculation. B) recession. C) diffusion. D) expansion.

Economics