Taxes can be justified if the government uses the revenue


Taxes can be justified if the government uses the revenue to

(i) Provide public goods such as national defense.

(ii) Clean up negative externalities such as water pollution

(iii) Regulate a common resources such as fish in a public lake

(iv) Provide goods with positive externalities such as medical research

a. (ii) only

b. (ii) and (iii) only

c. (i),(ii), and (iii) only

d. (i),(ii),(iii), and (iv)

Solution Preview :

Prepared by a verified Expert
Business Management: Taxes can be justified if the government uses the revenue
Reference No:- TGS01691099

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)