For a tax to be successful, the tax base must be ¬¬¬_____

a. easy to measure and monitor
b. large
c. inelastic
d. able to expand in times of crisis

a

Economics

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Fill in the blank: ________ cost refers to the next-best option a person gives up when making a choice

A) Accounting B) Objective C) Efficient D) Opportunity E) Regrettable

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Disposable income is defined as

A) national income - transfers + taxes. B) national income + transfers + taxes. C) national income + transfers - taxes. D) national income - transfers - taxes.

Economics