Author Question: For any given consumption function, autonomous consumption is equal to the level of consumption ... (Read 127 times)

jace

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For any given consumption function, autonomous consumption is equal to the level of consumption associated with:
 a. negative disposable income.
  b. positive disposable income.
  c. zero disposable income.
  d. unstable disposable income.

Question 2

Describe the two basic philosophies of taxation fairness.



31809pancho

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Answer to Question 1

c

Answer to Question 2

The two basic philosophies of taxation fairness are the benefits-received principle and the ability-to-pay principle. The benefits-received principle argues that those who received the benefits of government spending programs ought to be the ones who pay for those programs or public goods and services. The ability-to-pay principle argues that the rich ought to pay more taxes because they can afford to do so.



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