A Relatively Large Number of Individuals in Middle and Old

question 37

Multiple Choice

A relatively large number of individuals in middle and old age have this disease,which causes an erectile disorder in about 1/3 of men.What is the disease?

• A)Male-pattern baldness.
• B)Nearsightedness.
• C)Farsightedness.
• D)Diabetes.

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.