The ability-to-pay principle states that _____
a. individuals should pay taxes in proportion to their ability to pay
b. individuals should not move to localities where they cannot pay the taxes
c. individuals should not use government programs unless they contribute something in taxation
d. individuals should pay taxes only if they benefit
a
Economics
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To achieve ________, marginal cost ________ marginal benefit
A) production efficiency; must equal B) production efficiency; must be greater than C) allocative efficiency; must be greater than D) allocation efficiency; must be less than E) allocative efficiency; must equal
Economics
The production possibilities frontier shifts as
A) tastes and preferences change. B) the money supply grows or shrinks. C) technology changes. D) the unemployment rate changes.
Economics