State and Local Politicians Tend to Apply New and Increased

question 92

True/False

State and local politicians tend to apply new and increased taxes to taxpayers who are non resident visitors to the jurisdiction, such as a tax on auto rentals, because the taxpayer cannot vote to reelect the lawmaker.

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Definitions:

Average Product

The output produced per unit of input, calculated by dividing total production by the total number of inputs.

Marginal Product

The additional output that results from the use of one more unit of a production input, holding all other inputs constant.

Nonlabor Resources

Inputs used in the production of goods and services that do not involve human labor, such as capital, land, and natural resources.

Average Product

The output per unit of input, such as labor or capital, calculated by dividing total production by the number of input units.