Examlex

Solved

What Is an Example of an Economic Service That the Ocean

question 51

Multiple Choice

What is an example of an economic service that the ocean provides?


Definitions:

Income

The financial gain (earned or unearned) accruing over a given period of time.

Federal Excise Tax

A tax imposed by the federal government on the sale of specific goods and services, such as tobacco and alcohol.

Benefits-received Principle

A taxation theory suggesting that individuals should pay taxes in proportion to the benefits they receive from government services.

Taxation

A process by which governments finance their expenditure by imposing charges on citizens and corporate entities.

Related Questions