The ability-to-pay principle is most closely tied to the concept of
a. horizontal equity in taxation.
b. fiscal federalism.
c. vertical equity in taxation.
d. the benefits principle of tax equity.
c
Economics
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The International Monetary Fund was founded
a. in Paris in 1938 b. in New York in 1961 c. in Washington in 1971 d. in New York in 1991 e. in Bretton Woods in 1944
Economics
According to the law of demand, when will higher corn prices reduce the quantity demanded of corn?
a. Always. b. When the supply of corn is fixed. c. When nonprice determinants, like income and the number of buyers, are unchanged. d. When there are no shortages or surpluses of corn.
Economics