When a tax is justified on the basis that the taxpayers who pay the tax receive specific government services from payment of the tax, the tax
a. is considered horizontally equitable.
b. burden is minimized.
c. satisfies the benefits principle.
d. is considered vertically equitable.
c
Economics
You might also like to view...
If the multiplier is 6 and if there is no crowding-out effect, then a $60 billion increase in government expenditures causes aggregate demand to
a. increase by $250 billion. b. increase by $333 billion. c. increase by $360 billion. d. None of the above are correct.
Economics
Suppose the optimal amount of X is 100 units and that the market provides 123 units. This situation is descriptive of
A. externality provision. B. market failure. C. asymmetric information. D. a public goods problem. E. the free-rider dilemma.
Economics