Determine the principle of equity, Macroeconomics

Assignment Help:

Determine the principle of equity

The principle of equity is that a tax must be fair and the tax is levied on those with the ability to pay tax.

The principle of efficiency is that tax must be easy to collect and that government must not have to spend a disproportionate amount of money enforcing the collection of tax.

 


Related Discussions:- Determine the principle of equity

Economic incidence of the tax on the consumers price, Suppose the demand fo...

Suppose the demand for bread is D(p), where dD/dp Illustrate equilibrium with price on the Y-axis and quantity on the X-axis in which the t > 0. Show the economic incidence

What is price level, The price level is the monetary value of a good or ser...

The price level is the monetary value of a good or service.

Gross domestic product, In 1 to 2 sentences respond to the following commen...

In 1 to 2 sentences respond to the following comment. "Cleaning your own house is not counted in gross domestic product because it does not represent economic production."

Circular flow of income, Discuss how income flows in governed economy, frug...

Discuss how income flows in governed economy, frugal economy, spend their economy.

Consumption, what is the impact of interest rate in consumption

what is the impact of interest rate in consumption

Desired aggregate spending, Desired Aggregate Spending Desired aggregat...

Desired Aggregate Spending Desired aggregate spending refers to the volume of purchases of the currently produced goods and services that all spending units in the economy wish

Purchase an annuity, Suppose you have $10,000 and wish to purchase an annui...

Suppose you have $10,000 and wish to purchase an annuity that pays you a fixed dollar amount every month. How much would you receive each month if the annuity rate is 1% and you in

natural monopoly, 1. Consider a natural monopoly. I. Show graphically a...

1. Consider a natural monopoly. I. Show graphically and discuss how price and quantity are set by the natural monopolist. II. Define the areas corresponding to the consumers'

What are the gains from trade, Shows the productivity for the countries Pin...

Shows the productivity for the countries Pin and Pang. Machines Bread Pin     4 or 3 Pang 3 or 8 1) If the working population of Pin and Pang are both 6 million, divide

Perfectly competitive retail market, Why a perfectly competitive retail mar...

Why a perfectly competitive retail market is more competitive than a monopoly

Write Your Message!

Captcha
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