The ability-to-pay principle of taxation:
a .has been declared unconstitutional because it deprives individuals of property without due process of law.
b. suggests that people should pay taxes in proportion to the benefits they derive from public goods and services.
c. suggests that taxes should vary directly with people's income and wealth.
d. suggests that taxes should vary inversely with people's income and wealth.
Answer: c. suggests that taxes should vary directly with people's income and wealth.
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In the above figure, the marginal product of labor is zero at point
A) a. B) c. C) e. D) f.
To incentivize a salaried manager at a company store to work harder, the management should
a. Offer the manager the franchise b. Offer the manager a raise c. Centralize all decision-making d. None of the above