In 1999, around 24 percent of college students attended private schools. a. True b. False ANSWER a
Date: September 9th, 2020
What is the ability-to-pay principle of taxation? List one strength and one weakness of the ability-to-pay principle as a guide to tax policy. What will be an ideal response? ANSWER The ability to pay principle states that individuals should pay taxes in proportion to their ability to pay. A major strength of the ability-to-pay […]
Date: September 9th, 2020
A unanimous decision rule is equivalent to market exchange in terms of efficiency. a. True b. False ANSWER b
Date: September 9th, 2020
Define horizontal and vertical equity and discuss the concepts with respect to legitimacy and usefulness. What will be an ideal response? ANSWER The principle of horizontal equity states that people with an equal ability to pay should pay the same tax while the principle of vertical equity states that people with a greater ability […]
Date: September 9th, 2020
The optimal decision rule is less than unanimity. a. True b. False ANSWER a
Date: September 9th, 2020
Is beer taxation a regressive, proportional, or progressive tax if viewed as a point in time? Please explain your answer. What about if viewed over a person’s lifetime? If your answer changes, please explain why. What will be an ideal response? ANSWER Viewed at a point in time, beer taxation is regressive because the […]
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
It is possible that a voucher program could erode the public nature of public schools, effectively turning all schools into private schools. a. True b. False ANSWER b
Date: September 9th, 2020
