The symmetry principle is based on
A)the idea that income should be redistributed from the rich to the poor.
B)the idea that people in similar situations should be treated similarly.
C)the fact that taxes create a deadweight loss.
D)the idea that markets operate fairly.
E)the idea that there is symmetry between buyers and sellers in a market.

Question

Quizplus · Accepted Answer

The symmetry principle is based on the idea that people in similar situations should be treated similarly. It is often used in the context of taxation, where individuals with similar levels of income or financial situation should be taxed similarly. This principle promotes fairness and equality in the treatment of individuals.

The Symmetry Principle Is Based on