When a Tax Is Justified on the Basis That the Taxpayers

question 174

Multiple Choice

When a tax is justified on the basis that the taxpayers who pay the tax receive specific government services from payment of the tax, the tax

• A)is considered horizontally equitable.
• B)burden is minimized.
• C)satisfies the benefits principle.
• D)is considered vertically equitable.

Identify the impact of globalization on the pace of cultural change.

Understand ethnocentrism and its effects on intercultural understanding.

Explain the concept of cultural sustainability and the challenges it faces.

Recognize the importance of infrastructure and subsistence in a culture’s survival.

---

Definitions:

Aggregate Expenditure

The aggregate expenditure in an economy, which accounts for consumer spending, business investments, government spending, and the difference between exports and imports.

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount loaned, charged by lenders to borrowers over a specific time period.

Quantity of Money

The accumulated total of monetary resources in an economy at a certain point in time.

Price Level

An index that measures the average of current prices across a wide range of goods and services compared to a base year.