Suppose a tax is implemented to fund low-income housing. Which principle of taxation is most appropriate as a guide to evaluating the tax?
a. the benefit principle
b. the ability-to-pay principle
c. a combination of the benefit principle and the ability-to-pay principle
d. the mobility principle
b
Economics
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For a given level of reserves, an increase in the reserve requirement ratio will
A) decrease legal reserves and decrease the money supply. B) increase legal reserves and decrease excess reserves. C) increase legal reserves and increase excess reserves. D) increase excess reserves and increase the money supply.
Economics
The type of market in which there is direct interaction between buyers and sellers is a(n)
A) brokered market. B) auction market. C) dealer market. D) primary market.
Economics