Political considerations are unimportant to an understanding of tax policy. a. True b. False ANSWER b
Date: September 9th, 2020
Traditionally, elementary and secondary education was an enterprise of state government. a. True b. False ANSWER b
Date: September 9th, 2020
Concepts of equity are important because they provide some criteria for evaluating the fairness of a tax system. a. True b. False ANSWER a
Date: September 9th, 2020
Around 50 percent of elementary and secondary educational expenditures are still financed at the local level. a. True b. False ANSWER b
Date: September 9th, 2020
The above figure shows the market for apples. If the government restricts output to no more than 300 pounds, then A) 300 pounds of apples will be sold at $3. B) 200 pounds of apples will be sold at $3. C) no apples will be sold. D) None of the above. ANSWER B
Date: September 9th, 2020
Even if college imparted no additional knowledge to its graduates, they are likely to earn more because _____. a. firms like to say they only hire college graduates b. of the connections that one makes in college c. a college degree sends a signal of innate ability to employers d. their parents help them get […]
Date: September 9th, 2020
Horizontal equity is extremely compatible with the benefit principle. a. True b. False ANSWER b
Date: September 9th, 2020
Employing the TIT for TAT strategy in a repeated prisoners’ dilemma game means _____. a. that you will lose b. defecting when the other person cooperates c. attacking when the other person defects d. cooperating as long as the other person cooperates ANSWER d
Date: September 9th, 2020
Over 90 percent of adults in the United States were high school graduates in 2000. a. True b. False Indicate whether the statement is true or false ANSWER FALSE
Date: September 9th, 2020
In practice, it is difficult to integrate the concept of vertical equity into the tax code although it is widely agreed that high-income individuals should pay more. a. True b. False ANSWER a
Date: September 9th, 2020
