A fifty cent tax imposed on a pack of cigarettes is _____. a. a unit tax b. an ad valorem tax c. a retail sales tax d. relatively cheap ANSWER a
Date: September 9th, 2020
Which of the following is an input to the production process? A) a janitor’s time B) a cement mixer C) Both A and B D) None of the above. ANSWER C
Date: September 9th, 2020
One of the primary reasons tax withholding was instituted was _____. a. help speed up payments to the government b. decrease the government’s record-keeping burden c. to improve the ability to audit individuals d. so that top marginal tax rates could be tripled ANSWER a
Date: September 9th, 2020
One desirable aspect of having multiple levels of government is that numerous small governments _____. a. leads to a prisoners’ dilemma b. allows for the possibility of intergovernmental competition c. affect the optimal size of the sharing group d. demonstrate how effective the federal government is at what it does ANSWER b
Date: September 9th, 2020
Connecting public roads in one city to public roads in another is an example of a _____ problem where larger governments can help smaller governments. a. negative externalities b. economies of scale c. prisoners’ dilemma d. coordination problem ANSWER d
Date: September 9th, 2020
One reason larger governments might be preferable to smaller ones is _____. a. diminishing marginal utility b. intergovernmental competition c. economies of scale d. the flypaper effect ANSWER c
Date: September 9th, 2020
Ellis, a staunch environmentalist, is hired right of graduate school by the Environmental Protection Agency. He is ecstatic about having the opportunity to promote what he believes to be the public interest. Within a few years he gets promoted to manager of his bureau. Shortly after his promotion he successfully argues for a 30 percent […]
Date: September 9th, 2020
During 2005, the tax rate on the top income bracket in the U.S. tax system was _____. a. 28 percent b. 31 percent c. 35 percent d. 39 percent ANSWER c
Date: September 9th, 2020
Which of the following is least likely to be considered an input to production? A) a supervisor’s time B) an integrated circuit fabrication plant C) wind D) None of the above. ANSWER D
Date: September 9th, 2020
Withholding of the federal income tax _____. a. was first used during the civil war b. was first used during World War I c. was first used during World War II d. was first used after World War II ANSWER c
Date: September 9th, 2020
