In which of the following cases does the benefit principle provide little guidance?
a. The benefits of the program are spread throughout the population.
b. Gasoline taxes are used to fund highways.
c. It is difficult to identify the beneficiaries of government programs.
d. In cases a and
c.
e. In none of the above cases.
d
You might also like to view...
If the required reserve ratio is 20 percent and the Fed buys a $10,000 security from a depository institution that currently has no excess reserves, the money supply: a. decreases by $10,000. b. increases by $5,000
c. decreases by $5,000. d. increases by $50,000. e. decreases by $50,000.
The statement "Resources employed in producing X are better suited to making Y" is another way of saying resources
a. are specialized. b. are scarce. c. are used inefficiently. d. are unproductive. e. have no opportunity cost.