We cannot be certain that a general sales tax will decrease labor supply because _____. a. of the effect of lower income on labor supply b. of the effect of higher tax revenue on consumption c. of the effect of the sales tax on labor supply d. we do not know about labor demand […]
Date: September 9th, 2020
Nathan does not vote because he feels as he does not have a real choice. To him, “all politicians are exactly the same.” Which of the following statements might lend some credence to Nathan’s observation? a. In a representative democracy, politicians must appeal to the median voter if they hope to be successful. b. In […]
Date: September 9th, 2020
A major factor in the creation and proliferation of comprehensive health care insurance is _____. a. the health care tax credit b. the tax deductibility of employer-paid health plans c. the tremendous increase in the hard core poor d. the increase in low-cost lifesaving techniques ANSWER b
Date: September 9th, 2020
Health insurance was not an important policy issues prior to 1940 because _____. a. less than 10 percent of the U.S. population had health insurance b. health care was so cheap c. of the widespread ability of local charitable hospitals d. most individuals were covered by veteran health benefits ANSWER a
Date: September 9th, 2020
From what viewpoint is a sales tax most likely to be considered regressive? a. If one considers lifetime consumption as equal to income. b. If one considers that many goods consume by low-income individuals are exempt from taxation. c. If one considers it as a consumption tax on current income. d. If one considers it […]
Date: September 9th, 2020
Political candidates tend to be very similar in a representative democracy because _____. a. most candidates are wealthy b. the average voter demands conformity c. of cyclical majorities d. party platforms converge toward the median voter ANSWER d
Date: September 9th, 2020
The distinction between public health problems and private health problems becomes blurred when _____. a. externalities are positive b. preferences are quasi-linear c. health insurance is unavailable d. health care spending is from public coffers ANSWER d
Date: September 9th, 2020
Which of the following have contributed to health insurance becoming commonplace during the latter half of the twentieth century? a. The tremendous rise in medical costs. b. The increase in fraternal order societies which provided health insurance. c. The growth of employer-provided health care. d. all of the above e. a and c ANSWER […]
Date: September 9th, 2020
A process of _____ among candidates in a representative democracy leads to the outcome preferred by the median voter. a. cheating b. political competition c. bargaining d. log-rolling ANSWER b
Date: September 9th, 2020
When attempting to determine if a sales tax is regressive or not, it is important to consider _____. a. bequests b. that a general sales tax is a consumption tax c. that people pay income taxes d. that individual’s incomes change over their lifetime ANSWER d
Date: September 9th, 2020
