A city agrees to a tax abatement. What is a tax abatement? Multiple choice question. A tax abatement is an agreement whereby a government agrees not to collect a particular tax in exchange for a specified action. A tax abatement is an agreement to use tax revenues for a particular purpose such as road construction. A tax abatement is a refund in taxes to citizens if a surplus exists at the end of the year.
Added by Scott F.
Step 1
** Show more…
Show all steps
Your feedback will help us improve your experience
Lottie Adams and 69 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Some cities finance their airports with a departure tax: every person leaving the city by plane is charged a small fixed dollar amount that is used to help pay for building and running the airport. The departure tax follows the a. benefits-received principle. b. ability-to-pay principle. c. flat-rate principle. d. public-choice principle.
Lottie A.
Breanna O.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD