Categorize each of the following funding schemes asexamples of the benefits principle or the ability-topay principle.a. Visitors to many national parks pay an entrancefee.b. Local property taxes support elementary andsecondary schools.c. An airport trust fund collects a tax on each planeticket sold and uses the money to improve airportsand the air traffic control system.
Categorize each of the following funding schemes asexamples of the benefits principle or the ability-topay principle.a. Visitors to many national parks pay an entrancefee.b. Local property taxes support elementary andsecondary schools.c. An airport trust fund collects a tax on each planeticket sold and uses the money to improve airportsand the air traffic control system.
Chapter8: Market Failure
Section: Chapter Questions
Problem 6P
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Question
Categorize each of the following funding schemes as
examples of the benefits principle or the ability-topay principle.
a. Visitors to many national parks pay an entrance
fee.
b. Local property taxes support elementary and
secondary schools.
c. An airport trust fund collects a tax on each plane
ticket sold and uses the money to improve airports
and the air traffic
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