A tax that taxes a larger percentage of an individual’s income as their income rises is called a _____. a. proportional tax b. progressive tax c. head tax d. regressive tax ANSWER b
Date: September 9th, 2020
_____ the externality generated by education, individuals have a _____ incentive to obtain an education for themselves. a. Because of; strong b. Despite; strong c. Because of; weak d. Despite; weak ANSWER b
Date: September 9th, 2020
One reason a gift card might be less desirable than cash? A) A gift card requires an individual to purchase from a particular store, which restricts the choice set. B) Cash requires an individual to purchase from a particular country, which restricts the choice set. C) Cash and the gift card are equally desirable, there […]
Date: September 9th, 2020
Suppose Seth and Nathan are college students with the same annual income, yet Seth pays half of the annual income tax that Nathan does. Which statement best summarizes a possible issue with this outcome from a principle of tax policy perspective? a. It violates the principle of vertical equity. b. It violates the principle of […]
Date: September 9th, 2020
As the percentage of a group required for agreement approaches 100 percent, _____ costs _____. a. decision-making costs; increase b. decision-making costs; decrease c. political costs; increase d. political costs; decrease ANSWER a
Date: September 9th, 2020
The principle of horizontal equity is satisfied when _____. a. individuals receiving the same benefits end up paying the same in taxes b. the public interest is being met c. all individuals pay the same tax d. individuals with an equal ability to pay end up paying the same in taxes ANSWER d
Date: September 9th, 2020
The socialization rationale for public education implies that private schools _____. a. are more segregated along class and perhaps racial lines b. are more homogenous c. are often organized around an exclusionary orientation d. all of the above ANSWER d
Date: September 9th, 2020
Which of the following is not true of collective decision-making costs? a. They impede collective action. b. They are the reason why unanimity rule is not the optimal decision-making rule. c. They imply that simple majority rule is the optimal decision-making rule. d. They increase the closer the decision rule gets to unanimity. ANSWER […]
Date: September 9th, 2020
The principle of vertical equity is satisfied when _____. a. individuals with a greater ability to pay have higher taxes than individuals with a lower ability to pay b. individuals receiving higher benefits from a government program pay higher taxes than those receiving lower benefits c. taxes increase as family size increases d. taxes on […]
Date: September 9th, 2020
A problem with the socialization argument is that _____. a. the organization of public schools often lends itself to segregation b. it is unfair c. students need to learn to be good citizens d. public schools are open to everyone ANSWER a
Date: September 9th, 2020
