Voters have an incentive to become informed about political issues because the individual’s vote is likely to affect the outcome. a. True b. False ANSWER b
Date: September 9th, 2020
A general sales tax and a value-added tax have _____. a. a common tax base b. nothing in common c. rates in common d. investment as a tax base e. a and d ANSWER a
Date: September 9th, 2020
The American Medical Association is responsible for many of the characteristics of the modern health care delivery system. a. True b. False ANSWER a
Date: September 9th, 2020
A good may be inferior at some income levels and normal at others. What will be an ideal response? ANSWER True. A consumer may demand more of the good at low income levels and less of the good at higher income levels. Hamburger or macaroni and cheese dinners may be examples of such goods. […]
Date: September 9th, 2020
The costs associated with the overproduction of medical services as a result of comprehensive health insurance are passed on to everyone who has health insurance in the form of higher premiums. a. True b. False ANSWER a
Date: September 9th, 2020
Compare and contrast a general retail sales tax with a value added tax. What will be an ideal response? ANSWER Both taxes have the same tax base. A general retail sales tax is easier to compute, requires less monitoring by the government, is more transparent to taxpayers, and imposes a taxpaying burden of fewer […]
Date: September 9th, 2020
Make an argument for user charges being both efficient and equitable. What information can user charges provide us that free provision can not? What will be an ideal response? ANSWER User charges can be considered equitable from the benefit principle of taxation since individuals have to pay in proportion to the benefits they receive […]
Date: September 9th, 2020
If voters do not have single-peaked preferences then a cyclical majority will arise. a. True b. False ANSWER b
Date: September 9th, 2020
Elections tend to be closer when one candidate is extremely to the right or left. a. True b. False ANSWER b
Date: September 9th, 2020
The tax deductibility of employer-provided health insurance is a primary factor in the spread of health insurance during the latter half of the twentieth century. a. True b. False ANSWER a
Date: September 9th, 2020
