Which of the following is a justification for taxes?
a. the ability-to-pay principle
b. the progressive tax principle
c. the proportional tax principle
d. the regressive tax principle
e. the desire of the government to spend more funds
A
Economics
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The figure illustrates the market for bagels. If the number of bagels is cut from 20 to 10 an hour, the deadweight loss is ________
A) $0.50 a bagel B) -$5.00 an hour C) $0 an hour D) $5.00 an hour
Economics
A tax of $1 on sellers always increases the equilibrium price by $1
a. True b. False Indicate whether the statement is true or false
Economics