When collective agreement on a policy is 100 percent of all voters, external costs are minimized. a. True b. False ANSWER a
Date: September 9th, 2020
Which of the following is not an excise tax? a. A tax on cigarettes. b. A tax on beer. c. A tax on corporations. d. A tax on airline tickets. ANSWER c
Date: September 9th, 2020
A tax of 10 percent of the ticket price of an airplane ticket is _____. a. a unit tax b. an ad valorem tax c. an income tax d. a value-added tax ANSWER b
Date: September 9th, 2020
At the college level there is complete school choice. a. True b. False ANSWER a
Date: September 9th, 2020
The smaller the percentage of voters required for collective action, the higher the external costs. a. True b. False ANSWER a
Date: September 9th, 2020
Define horizontal and vertical equity and discuss the concepts with respect to legitimacy and usefulness. What will be an ideal response? ANSWER The principle of horizontal equity states that people with an equal ability to pay should pay the same tax while the principle of vertical equity states that people with a greater ability […]
Date: September 9th, 2020
The optimal decision rule is less than unanimity. a. True b. False ANSWER a
Date: September 9th, 2020
Is beer taxation a regressive, proportional, or progressive tax if viewed as a point in time? Please explain your answer. What about if viewed over a person’s lifetime? If your answer changes, please explain why. What will be an ideal response? ANSWER Viewed at a point in time, beer taxation is regressive because the […]
Date: September 9th, 2020
Charter schools generally receive more funding than traditional public schools. a. True b. False ANSWER b
Date: September 9th, 2020
All group decisions are Pareto superior moves. a. True b. False ANSWER b
Date: September 9th, 2020
