Final answer:
The establishment of a special revenue fund for a significant revenue source that is restricted for a specific purpose is true. The necessary and proper clause of the Constitution has expanded, not limited, the power of the national government. The colonists objected to the application, not the principle, of taxation.
Step-by-step explanation:
The statement that whenever a significant revenue source is restricted for a specific operating purpose, a special revenue fund should be established can be considered true. Special revenue funds are an important part of government financial management which are used to account for revenues that are legally restricted or committed to a specific purpose other than debt service or capital projects.
The necessary and proper clause, contrary to the statement in Exercise 9.3.1, has not limited but rather expanded the power of the national government over time, indicating that the correct answer is b. False. Indeed, this clause gives Congress the power to make all laws deemed necessary and proper for executing its powers.
Regarding taxation and the colonists, it is true that during the period leading up to the American Revolution, colonists were not necessarily objecting to the principle of being taxed; rather, they were concerned with the way that tax revenue was being spent without their input or representation in Parliament. Therefore, the answer to Exercise 7.3.1 would be a. True.
Also, the statement that taxes need to generate enough revenue reflects an inherent goal of taxation. If a tax fails to generate sufficient revenue or excessively burdens the targeted industry, it may result in unintended negative economic repercussions.