What does the principle of horizontal equity state

Assignment Help Business Economics
Reference no: EM13974693

What does the principle of horizontal equity state?

A) Taxpayers with a greater ability to pay taxes should pay larger amounts.

B) Taxpayers with a lesser ability to pay taxes should pay larger amounts.

C) Taxpayers with a similar ability to pay taxes should pay the same amount.

D) People should pay taxes based on the benefits they receive from government services.

Reference no: EM13974693

Questions Cloud

Front-office tasks to back-office : Excerpt from the book: "We label the work performed in service firms that does not require the presence of the customer as "back-office" work, and work that does require the customer as "front-office" work. Throughout the service economy there has be..
Profit maximizing competitive firm uses just one input : A profit maximizing competitive firm uses just one input, x. Its production function is q=8x1/2 . The price of output is 16 and the factor price is 8. The amount of the factor that the firm demand is. (a) 10 (b) 22.63 (c) 64 (d) 48 (e) None of the ab..
What company costs can be saved using the new app : How will the mobile ordering app interface with the current point of sale system? How can the company avoid developing a website for each retail outlet? What company costs can be saved using the new app
How differences in grammar influence a message : Demonstrate familiarity with the topic as well as correct grammar and punctuation in the script.
What does the principle of horizontal equity state : What does the principle of horizontal equity state?
What is the median amount of household debt : Consumers borrow money for many different reasons, including the purchase of a home, car, and appliances, to remodel, or to help pay for college. Approximately 75% of U.S. households carry some debt. What is the median amount of household debt? Provi..
Budgetary deficits facing the federal government : Given the long-term budgetary deficits facing the federal government, some members of Congress have advocated repealing the prescription drug benefit that it created for Medicare beneficiaries in 2003 (i.e. Medicare Part D). If that should happen, ho..
Explain what the automatic adjustment mechanism : Explain what the automatic adjustment mechanism is. Which curve does it cause to move? How does this happen? Will this process happen quickly, or take a long time?
Strengths and and its weaknesses of drug court model : Based on what you've learned about the Drug Court model, what do you see as its strengths and and its weaknesses

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 discuss the two views of government intervention in a

q1. discuss the two views of government intervention in a market-based health care system. illustrate role does the

  Qnow you want to improve the aggregate production function

q.now you want to improve the aggregate production function to increase the provide capacity of the economy. that is

  Reduces the cost of computer operated lathes

If skilled machinists with advanced computer training and computer operated lathes are complements in production in high tech manufacturing but computer operated lathes are substitutes in production for machinists without computer training (unskilled..

  Most republicans want to reduce federal spending

The U.S. Congress debates the new budget every fiscal year. Most Republicans want to reduce federal spending; most Democrats do not want to reduce spending and may, in some cases, seek to increase it.

  What are the reaction curves

Assume there is a duopoly with the following demand equations Q1=30-P1+P2 and Q2=30-P2+P1. Marginal cost are given as MC1=6, MC2=0. Calculate the Bertrand solution. What are the reaction curves?

  Discuss the effects of extending labor on objective function

In the original formulation, which constraints were binding? use SolverTable to discuss the effects of extending labor on the Objective function. Include a well-formatted table as Exhibit B. What would be your recommendation to Imelda?

  Is valerie''s choice of bundles consistent with weak axiom

When prices are ($4, $2), Valerie chooses the bundle (9, 18), and when prices are ($1, $2), she chooses the bundle (8, 14). Is Valerie's choice of bundles consistent with the Weak Axiom of Revealed Preference.

  Points on a utility possibility

Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping.

  Investment spending and aggregate spending

Keynes said it was the stock market crash of October, 1929 that was the trigger mechanism for the Great Contraction from 1929 to 1933. He believed that the crash caused expectations to become catastrophically pessimistic. Use the Keynesian Cross Mode..

  Elucidate in economic terms this perplexing situation

Yet medicine with brand names that the man recognizes from television commercials sells for more the unadvertised versions. Elucidate in economic terms, this perplexing situation to the father.

  Explain the purpose of an agreement template

Explain the purpose of an agreement template and why a written agreement best serves to generate commitment to the agreement

  Economic tool for controlling environmental pollution

Cap-and trade as an economic tool for controlling environmental pollution only works if the regulating agency has specific information about the environment. What must be known for cap-and-trade work?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd