Taxes that are designed to discourage consumption of the taxed good are called _____. a. regressive taxes b. head taxes c. sumptuary taxes d. sales taxes ANSWER c
Date: September 9th, 2020
Which of the following are criticisms of voucher programs? a. They do not allow government to exercise enough control over education finance. b. Exclusionary admission standards under a voucher program would be unjust. c. Vouchers might be used at sub-standard schools. d. all of the above e. b and c ANSWER e
Date: September 9th, 2020
The optimal sharing group _____. a. increases as the cost of the public good increases b. declines as the cost of the public good increases c. declines as the cost of the public good declines d. increases as the cost of the public good increases ANSWER a
Date: September 9th, 2020
Consider a world with three income earners. Individual A earns $20,000 and pays $1,000 in taxes. Individual B earns $50,000 and pays $5,000 in taxes. Individual C earns $100,000 and pays $2,000 in taxes. Which of the following best classifies the income tax system in this world? a. proportional b. progressive c. regressive d. none […]
Date: September 9th, 2020
An argument against increasing centralization in elementary and secondary education is _____. a. that it is anti-egalitarian b. that there are fewer administrators to oversee extracurricular programs c. that it results in less direct accountability to students and parents d. that socialization is a problem in large school districts ANSWER c
Date: September 9th, 2020
Consider a world with two income earners and an income tax. Individual A earns $25,000 and pays $1,000 in taxes. Individual B earns $100,000 and pays $3,000 in taxes. Which of the following best classifies the income tax system in this world? a. proportional b. progressive c. regressive d. consumption ANSWER c
Date: September 9th, 2020
Which of the following provide increased competition for public schools? a. homeschooling b. charter schools c. vouchers d. all of the above ANSWER d
Date: September 9th, 2020
The point where the sum of the external and decision-making costs is minimized is _____. a. unanimity b. Pareto efficient c. simple majority rule d. the optimal collective decision rule ANSWER d
Date: September 9th, 2020
If only current income is considered, beer taxes are _____. If lifetime income is considered, however, beer taxes are _____. a. regressive; progressive b. regressive; proportional c. progressive; regressive d. proportional; progressive ANSWER a
Date: September 9th, 2020
If a public good never becomes congested _____. a. the optimal number of users is infinite b. it is evidence that it has been under produced c. marginal costs are equal to average costs across the entire range of output d. the marginal reduction in cost per user curve is flat ANSWER a
Date: September 9th, 2020
