Homework Answers
a) "C"
The marginal tax rate matters to most while deciding to work more as that is the rate charged in the final income.
b) "D"
A complex taxation system will lead to a higher administrative burden in the economy.
c) "C"
It will be considered as a lump sum tax in the market,
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QUESTION 25 Which of these is most influential on your decision to work extra hours at...
Question Completion Status QUESTION 25 Which of these is most influential on your decision to work...
Question Completion Status QUESTION 25 Which of these is most influential on your decision to work extra hours at your job o the averge tax rate the total tax bill the marginal tax rate e the lump sum tax rate QUESTION 26 As tax laws become more complex compliance costs are likely to decrease e the government will collect more tax revenue o tax evasion and avoidance will decrease e the administrative burden of taxes will increase QUESTION 27 If...
QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private...
QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private costs under-consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs O underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist but only in the presence of government regulation if consumers have more information...
Which of these is most influential on your decision to work extra hours at your job the averge tax rate the...
Which of these is most influential on your decision to work extra hours at your job the averge tax rate the total tax bill the marginal tax rate the lump sum tax rate
TULE TUL. MULTI 21 NUV-2019 Fall Torm U... Question Completion Status: QUESTION 26 As tax laws become more complex...
TULE TUL. MULTI 21 NUV-2019 Fall Torm U... Question Completion Status: QUESTION 26 As tax laws become more complex compliance costs are likely to decrease the government will collect more tax revenue tax evasion and avoidance will decrease the administrative burden of taxes will increase QUESTION 27 If the government imposes a $3000 tax on everyone, the tax would be: an income tax a consumption tax alump-sum tax a marginal tax QUESTION 28 Which of these tax systems does not...
QUESTION 26 2 points As tax laws become more complex compliance costs are likely to decrease...
QUESTION 26 2 points As tax laws become more complex compliance costs are likely to decrease the government will collect more tax revenue tax evasion and avoidance will decrease the administrative burden of taxes will increase An efficient scale of the firm is the quantity of output that maximizes marginal product maximizes profit minimizes average total cost minimizes average variable cost QUESTION 32 2 points if marginal cost is rising average variable cost must be falling average fored cost must...
Question text If the rich pay more in taxes than the poor, the tax system could...
Question text If the rich pay more in taxes than the poor, the tax system could not be regressive. Select one: True False Question text If revenue from a cigarette tax is used to provide medical care to individuals that develop health problems due to smoking, the cigarette tax may be justified on the basis of the benefits principle of taxation. Select one: True False Question text Benjamin earned more than $50,000 and Franklin earned less than $40,000. If the...
1 5 -2019 Fall Term (1) - Question Completion Status QUESTION 21 Compared with the efficient outcome, the market pr...
1 5 -2019 Fall Term (1) - Question Completion Status QUESTION 21 Compared with the efficient outcome, the market price of a good that generates external benefits is too high too low optimal equal to the efficient price QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private costs under consumed because consumers only consider the private benefits of consumption optimally consumed as long as private benefits equal private costs underconsumed because the social...
Question 25 (2.5 points) Which of the following would cause a downward shift in the consumption...
Question 25 (2.5 points) Which of the following would cause a downward shift in the consumption function? a tax decrease an increase in wealth a stock market crash a decrease in the price level expectations of higher future income Question 26 (2.5 points) According to supply-side economists, the by curve will shift to the caused AD; right; more investment AD; left; more saving AS; right; more investment AS; left; more saving money supply; right; lower interest rates Question 28 (2.5...
QUESTION 1 Which of the following institutions plays no role in allocating resources in a modern...
QUESTION 1 Which of the following institutions plays no role in allocating resources in a modern market-oriented economy? A. Households B. Firms C. Government D. Custom/Tradition E. All of the above play some role on allocating resources even in a modern market-oriented economy. 1 points QUESTION 2 Which of these terms describes the process of generating theories from individual facts? A. induction B. abstraction C. reduction D. calculation E. deduction 1 points QUESTION 3 Which of the following is a...
please hurry Question 31 Regulations that make it costly to dismiss workers a. protect the interests...
please hurry Question 31 Regulations that make it costly to dismiss workers a. protect the interests of workers without any secondary effects. b. reduce the overall level of unemployment. c. reduce total employment because they also make it more costly to hire workers. d. expand total employment because they make it more attractive to hire additional workers. 2.5 points Question 32 Per capita incomes are higher in countries with a. higher marginal tax rates. b. higher tariffs. c. greater self-sufficiency...
Question Completion Status QUESTION 25 Which of these is most influential on your decision to work extra hours at your job o the averge tax rate the total tax bill the marginal tax rate e the lump sum tax rate QUESTION 26 As tax laws become more complex compliance costs are likely to decrease e the government will collect more tax revenue o tax evasion and avoidance will decrease e the administrative burden of taxes will increase QUESTION 27 If...
QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private costs under-consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs O underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist but only in the presence of government regulation if consumers have more information...
TULE TUL. MULTI 21 NUV-2019 Fall Torm U... Question Completion Status: QUESTION 26 As tax laws become more complex compliance costs are likely to decrease the government will collect more tax revenue tax evasion and avoidance will decrease the administrative burden of taxes will increase QUESTION 27 If the government imposes a $3000 tax on everyone, the tax would be: an income tax a consumption tax alump-sum tax a marginal tax QUESTION 28 Which of these tax systems does not...
QUESTION 26 2 points As tax laws become more complex compliance costs are likely to decrease the government will collect more tax revenue tax evasion and avoidance will decrease the administrative burden of taxes will increase An efficient scale of the firm is the quantity of output that maximizes marginal product maximizes profit minimizes average total cost minimizes average variable cost QUESTION 32 2 points if marginal cost is rising average variable cost must be falling average fored cost must...
1 5 -2019 Fall Term (1) - Question Completion Status QUESTION 21 Compared with the efficient outcome, the market price of a good that generates external benefits is too high too low optimal equal to the efficient price QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private costs under consumed because consumers only consider the private benefits of consumption optimally consumed as long as private benefits equal private costs underconsumed because the social...
Question 25 (2.5 points) Which of the following would cause a downward shift in the consumption function? a tax decrease an increase in wealth a stock market crash a decrease in the price level expectations of higher future income Question 26 (2.5 points) According to supply-side economists, the by curve will shift to the caused AD; right; more investment AD; left; more saving AS; right; more investment AS; left; more saving money supply; right; lower interest rates Question 28 (2.5...
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