You Are About to Give Your First Speech

question 140

Multiple Choice

You are about to give your first speech. You are nervous and hope you don't do something foolish in front of the whole class. The presence of the class is not likely to facilitate your performance due to

• A)social pressure.
• B)evaluation apprehension.
• C)deindividuation.
• D)diffusion of responsibility.

Understand the ability-to-pay principle of taxation and distinguish it from other taxation principles.

Explain the concept of economic income and how it is calculated.

Identify and understand the concepts of horizontal and vertical equity in taxation.

Describe how the benefits-received principle of taxation works and compare it to the ability-to-pay principle.

---

Definitions:

Squared Values

Numbers that have been multiplied by themselves.

Cost-To-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives in terms of costs and benefits.

Numeric Ratio

A comparative figure showing the relative sizes of two quantities expressed as a quotient.

Written Analysis

The process of critically evaluating or discussing a subject in written form to understand its components or relationships.