When collective agreement on a policy is 100 percent of all voters, external costs are minimized. a. True b. False ANSWER a
Date: September 9th, 2020
Which of the following is not an excise tax? a. A tax on cigarettes. b. A tax on beer. c. A tax on corporations. d. A tax on airline tickets. ANSWER c
Date: September 9th, 2020
A tax of 10 percent of the ticket price of an airplane ticket is _____. a. a unit tax b. an ad valorem tax c. an income tax d. a value-added tax ANSWER b
Date: September 9th, 2020
At the college level there is complete school choice. a. True b. False ANSWER a
Date: September 9th, 2020
The smaller the percentage of voters required for collective action, the higher the external costs. a. True b. False ANSWER a
Date: September 9th, 2020
As is shown by the example of college dropout Bill Gates, more education does generally not pay off. a. True b. False ANSWER b
Date: September 9th, 2020
If the “Marginal Congestion Cost” for a public good is constant then the optimal number of users is infinite a. True b. False ANSWER b
Date: September 9th, 2020
Charter schools generally receive more funding than traditional public schools. a. True b. False ANSWER b
Date: September 9th, 2020
All group decisions are Pareto superior moves. a. True b. False ANSWER b
Date: September 9th, 2020
A unanimity rule suffers from the holdout problem. a. True b. False ANSWER a
Date: September 9th, 2020
