If revenue from a gasoline tax is used to build and maintain public roads, the gasoline tax may be justified on the basis of
a. the benefits principle.
b. the ability-to-pay principle.
c. vertical equity.
d. horizontal equity.
a
Economics
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In a business cycle, the date at which a recession starts is called a trough
Indicate whether the statement is true or false
Economics
Cyclical unemployment
a. has a different explanation than does the natural rate of unemployment. b. refers to the year-to-year fluctuation in unemployment around an economy's natural rate of unemployment. c. is closely associated with short-run ups and downs of economic activity. d. All of the above are correct.
Economics