Adam Smith Noted That When Public Expenditures Are Undertake for the General

question 7

Multiple Choice

Adam Smith noted that when public expenditures are undertake for the general benefit of everyone in a society then _____.

• A)there is considerable conflict between the benefit principle and the ability-to-pay principle
• B)there is no conflict between the benefit principle and the ability-to-pay principle
• C)the benefit principle provides little guide to tax policy
• D)the ability-to-pay principle provides little guide to tax policy

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Definitions:

Culture

The shared beliefs, customs, norms, behaviors, and artifacts of a specific group of people.

Monocular Depth Cue

Visual information that allows one to judge distance and depth using one eye.

Binocular Depth Cue

The visual information taken in by two eyes that enables the perception of depth and distance.

Difference

A point or way in which people or things are not the same, often used in the context of comparing or contrasting entities.