Suppose That Voters in Your Community Pass a One-Cent Sales

question 20

Multiple Choice

Suppose that voters in your community pass a one-cent sales tax increase to fund education, knowing full well they will have to forgo other goods they typically consume.This primarily addresses the economic question of:

• A) How will each good be produced?
• B) For whom shall the goods be produced?
• C) Why will the resources be used to produce goods?
• D) What goods and services should a society produce?

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Definitions:

Federal Government

The national government of a federal country, which holds the central political authority.

Abolition

The action of abolishing a system, practice, or institution, such as slavery or capital punishment.

Private Property

Ownership of assets (land, buildings, goods) by individuals or corporations, legally protected by the government.

Karl Marx

A 19th-century philosopher, economist, and social scientist best known for his theories about capitalism and communism.