wunder · LibraryPart 42
Read in the Wunder reader — free1. Describe the three kinds of discrimination. Page 147.
2. How do the state commissions differ in power? Page 148.
3. Explain the monopoly character of express companies. Page 149.
4. Show the importance of the internal natural waterways of the United States. Page 151.
5. What problem is offered by our canal system? Page 151.
6. Show why the causes for the decline in tonnage of American vessels are economic rather than political. Page 152.
Taxation and Tariff.
1. What is John Fiske’s definition of taxes? Page 154.
2. What rules of taxation were laid down by Adam Smith? Page 154.
3. What is the benefit theory of taxation? How does this theory fail? Page 155.
4. What is the faculty principle of taxation? Page 155.
5. What measures have been suggested as to how to measure ability? Give the objection to each. Page 155.
6. What are the arguments supporting progressive taxation? Page 156.
7. Where does the Federal Treasury derive its revenue? Page 157.
8. What tax is the main reliance of the state and local governments? Page 158.
9. Describe an ideal system of taxation for the United States. What is the advantage of such a system? Page 159.
10. What is the character of the considerations in determining tariff policies? Page 160.
11. Explain the home market argument in support of 413 protection; the wages argument. Page 161.
12. What is the doctrine of comparative costs? Page 162.
13. How do free traders answer the home market argument? The infant industries argument? Page 162.
The Functions of the Government.
1. Name the economic functions of the Government. Page 163.
2. What is the theory of anarchism? Page 165.
3. Explain Herbert Spencer’s theory of extreme individualism. Page 165.
4. What is the theory of government most generally held by economists and writers in the United States? Page 166.
5. In what country is the culture state theory very generally held? Explain the theory. Page 167.
6. What does the view known as state socialism advocate? Page 167.
7. Give Professor Ely’s definition of socialism. Page 167.
Business Administration: Theory, Practice and Application. [vol. 1] Business Economics · The Wunder Library — complete classics, free to read, with narration.