According to the Ability-To-Pay Principle, It Is Fair for People

question 60

True/False

According to the ability-to-pay principle, it is fair for people to pay taxes based on the amount of government services that they receive.

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Definitions:

Individual

A single human being apart from a society or community, often considered as an independent entity in economic theories.

Unskilled Labor

Labor that requires no specialized skills, education, or training, and typically involves simple tasks that can be easily learned on the job.

Market Wage

The prevailing rate of pay for labor in a particular industry or occupation, determined by the supply and demand for labor in that market.

Government Intervention

Actions taken by a government to influence its economy, which can include regulations, subsidies, and tariffs.