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lkjbhuib lkjbhuib
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6 years ago
Which of the following answers best reflects the ability-to-pay philosophy of taxation?
 a. Property tax.
  b. Progressive income tax.
  c. Excise tax on gasoline.
  d. Excise tax on cigarettes.

QUESTION 2

In terms of production possibilities curves, the benefits of trade between two nations are that each nation moves to a higher:
 a. standard of living. b. consumption possibilities combination.
  c. both a and b. d. neither a nor b.

QUESTION 3

During the period 1980-1986, the U.S. economy experienced disinflation.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

The benefits-received principle of taxation is most evident in:
 a. progressive tax rates.
  b. excise taxes on gasoline.
  c. the personal income tax.
  d. the corporate income tax.

QUESTION 5

What country is our largest trading partner, as measured by exports and imports?
 a. Japan. b. The United Kingdom.
  c. China. d. Canada.
  e. Mexico.
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jazzyjj1998jazzyjj1998
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6 years ago
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lkjbhuib Author
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#2
6 years ago
Easily the best answers, TY and have a wonderful day
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