« previous next »

Author Question: Explain the idea behind the benefits-received principle of taxation and provide an example. What ... (Read 55 times)

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
Explain the idea behind the benefits-received principle of taxation and provide an example.
 
  What will be an ideal response?

Question 2

Identify whether each of the following transactions will take place in the factor market or in the product market:
 
  a. Shondra buys a Harley-Davidson Softail motorcycle.
  b. Aimee works 20 hours a week at a grocery store.
  c. Gustavo sells a warehouse to a produce delivery company.
  d. Ocean Spray increases employment at its Middleboro, Massachusetts plant.


tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

It is a theory of fairness which holds that taxpayers should contribute to government (in the form of taxes) in proportion to the benefits that they receive from public expenditures. The gasoline tax, paid by motorists, goes to the Federal Highway Trust Fund to build and maintain federal highways. The beneficiaries of public highways are thus taxed in rough proportion to their use of those highways.

Answer to Question 2

a takes place in the product market.
b, c, and d take place in the factor market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an
This engraving of the Boston Massacre (1770) became the most reprinted depiction of the event, and p This engraving of the Boston Massacre (1770) became the most reprinted depiction of the event, and p
Please provide me with a solution for part b. Please provide me with a solution for part b.
Grind whole flaxseeds before eating them to best reap their nutritional benefits Grind whole flaxseeds before eating them to best reap their nutritional benefits
Programs such as Meals on Wheels provide hot meals to elderly adults who cannot leave their homes Programs such as Meals on Wheels provide hot meals to elderly adults who cannot leave their homes
Gestalt Principle: Continuity Gestalt Principle: Continuity
Video: Cerebral Cortex Animation

For a complete list of videos, visit our video library