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 concept of progressive, proportional, and regressive taxation is positive in nature. a. True b. False ANSWER a
Date: September 9th, 2020
It is likely true that education produces positive externalities. a. True b. False ANSWER a
Date: September 9th, 2020
Taxes on beer are progressive if considered in terms of lifetime income because college students consume so much beer. a. True b. False ANSWER a
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
The key point about a TIT for TAT strategy is _____. a. it is confusing to others b. it leads to sub-optimal outcomes c. that over time it encourage cooperation d. that it leads to a one time victory ANSWER c
Date: September 9th, 2020
Per pupil spending on education was seven times higher in 2000 than in 1940 after adjusting for inflation. a. True b. False ANSWER a
Date: September 9th, 2020
In terms of economic organization, the main difference between high schools and colleges is _____. a. that most colleges are monopolies while high schools are highly competitive b. that most colleges are for-profit institutions while high schools are public nonprofits c. that more market mechanisms are used at the college level d. there are no […]
Date: September 9th, 2020
