Author Question: Which of the following answers best reflects the ability-to-pay philosophy of taxation? a. Property ... (Read 129 times)

mp14 · **on:** Jun 30, 2018

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.