According to the ability-to-pay principle, taxes should be levied on a person according to his or her ability to bear that tax burden
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Goods known as substitutes increase the use of another good.
a. true b. false
Economics
If there is no one who is interested in borrowing from a bank:
a. the bank's excess reserves will be zero. b. there will be no process of money creation. c. the required reserve ratio must be equal to zero. d. the required reserve ratio must be equal to 100 percent.
Economics