The notion that equally situated individuals should be taxed equally is referred to as

A. horizontal equity.
B. vertical equity.
C. the benefits principle.
D. the Gini principle.

Answer: A

Economics

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The ability of one person or nation to produce a good at a lower absolute cost than another is called a(n)

A) comparative advantage. B) specialization advantage. C) market advantage. D) absolute advantage.

Economics

Under the Global Legal Settlement of 2002, the provision that requires, for a period of five years, brokerage firms to contract with independent research firms to provide information to their customers is an example of

A) regulate for transparency. B) supervisory oversight. C) separation of functions. D) socialization of information production.

Economics