1a.Why does the ability-to-pay taxation principles apply only to public goods? And b) give an example.

Answer:

1b.Explain why per-unit taxes are regressive in practice? B) give examples.

Answer:

1c.What is a special-interest group? What role do they play in log-rolling?

1d.Does the US typically incur annual budget deficits or budget surpluses? And b) what does the US do that exposes it to national debt?

1e.What's the difference between a budget deficit and the federal debt, also known as the national debt?