A general sales tax is a unit tax placed on all retail sales. a. True b. False ANSWER b
Date: September 9th, 2020
Medical savings accounts _____. a. provide insurance for very small health care expenditures b. provide little accountability for small purchases c. provide catastrophic coverage d. all of the above e. a and b ANSWER c
Date: September 9th, 2020
The median voter model assumes that voters have single-peaked preferences. a. True b. False ANSWER a
Date: September 9th, 2020
In the context of sales taxation, SSTP stands for Simplified Sales Tax Project. a. True b. False ANSWER b
Date: September 9th, 2020
Assuming that the median voter model accurately explains how public sector decision are made, resources will be allocated efficiently if _____. a. preferences are single-peaked and individuals prefer outcomes closer to their preferred outcome rather than outcomes farther away b. rational ignorance and cyclical majorities are not present c. resources were already allocated efficiently in […]
Date: September 9th, 2020
While Medicaid is targeted towards low-income individuals, exact qualifications are determined by _____. a. the Department of Health and Human Services b. state governments c. local governments d. judicial rulings ANSWER b
Date: September 9th, 2020
The Canadian health care system _____. a. is an example of a single-payer system b. provides universal coverage c. rations the use of specialists d. all of the above ANSWER d
Date: September 9th, 2020
User charges are identical to market prices. a. True b. False ANSWER b
Date: September 9th, 2020
Consider a policy proposal that aims to save small dairy farms by providing an annual lump sum subsidy to dairy farms with fewer than two hundred dairy cows. Why might this proposal pass, even if it benefits a few dairy farmers at the expense of the majority of voters? a. The program might only cost […]
Date: September 9th, 2020
Import taxes are levied to generate revenue and encourage imports. a. True b. False ANSWER b
Date: September 9th, 2020
