Author Question: Two types of costs must be considered when selecting the optimal decision rule. They are _____ and ... (Read 127 times)

eruditmonkey@yahoo.com · **on:** Jul 1, 2018

Two types of costs must be considered when selecting the optimal decision rule. They are _____ and _____.

a. decision-making costs; external costs
b. marginal costs; variable costs
c. decision-making costs; political costs
d. political costs; external costs

Question 2

Suppose a tax is implemented to fund low-income housing. Which principle of taxation is most appropriate as a guide to evaluating the tax?

a. the benefit principle
b. the ability-to-pay principle
c. a combination of the benefit principle and the ability-to-pay principle
d. the mobility principle