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Which of the Following Terms Is Used to Refer to All

question 122

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Which of the following terms is used to refer to all the technology used in a culture to manufacture goods and provide services?


Definitions:

Benefits-Received Principle

A theory of fairness holding that taxpayers should contribute to government (in the form of taxes) in proportion to the benefits they receive from public expenditures.

Public Goods

Items whose consumption is not depleted by an additional consumer and from which individuals cannot be excluded from using.

Tax Revenue

Revenue earned by governments through the application of taxes.

After-Tax Distribution

The amount of income distributed to shareholders after taxes have been accounted for.

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