The Claim That All Citizens Should Make an "Equal Sacrifice

question 10

Multiple Choice

The claim that all citizens should make an "equal sacrifice" to support government programs is usually associated with

• A)the ability-to-pay principle.
• B)the benefits principle.
• C)efficiency arguments.
• D)regressive tax arguments.

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Definitions:

Interest

The cost of borrowing money or the reward for saving, expressed as a percentage of the principal amount per period of time.

Deposit

Money placed into a financial institution for safekeeping, which can earn interest over time depending on the type of account.

Deposits

Funds placed into an account at a financial institution, often earning interest.

Interest

The cost of borrowing money or the payment received for lending money, often expressed as a percentage of the principal.