A Certain State Legislature Is Considering an Increase in the State

question 89

Multiple Choice

A certain state legislature is considering an increase in the state gasoline tax.Representative Campbell argues that an increase in the gasoline tax would harm low-income drivers disproportionately.Representative Richards responds by saying that low-income drivers own smaller cars that use less gasoline,and that low-income drivers therefore would not be harmed disproportionately.

• A)Representative Campbell's argument is based primarily on efficiency,while Representative Richards' argument is based primarily on equality.
• B)Representative Campbell's argument is based primarily on equality,while Representative Richards' argument is based primarily on efficiency.
• C)Both representatives' arguments are based primarily on efficiency.
• D)Both representatives' arguments are based primarily on equality.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the issuer's accounting records but have not yet been cleared by the bank.

Automatic Transfer

A banking service that moves funds automatically from one account to another at scheduled intervals or under specific conditions.

Reconciled Balance

The balance of an account after adjustments have been made for discrepancies or outstanding items.

Bank Statement

A record provided by a bank detailing all transactions in an account over a specified period.