Incentives to work and save are reduced when income taxes are higher consumption taxes replace income taxes...
Incentives to work and save are reduced when
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income taxes are higher |
||
|
consumption taxes replace income taxes |
||
|
corrective taxes are implemented |
||
|
lump sum taxes are imposed |
Homework Answers
Answer
Option 1
income taxes are higher
the interest on saving and wages on the extra work is going to be taxed higher then the work and saving both decreases and these taxes are called income taxes.
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Incentives to work and save are reduced when income taxes are higher consumption taxes replace income taxes...
Products that create external benefits are over-consumed because the private benefits exceed the private costs under...
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 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 O but only in the presence of government regulation if consumers have more information regarding...
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 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...
Question Completion Status: QUESTION 19 When the government increases tariffs production switches from low-cost foreign producers...
Question Completion Status: QUESTION 19 When the government increases tariffs production switches from low-cost foreign producers to high-cost domestic producers, wasting resources domestic producers buy more of the good, increasing the gains from trade domestic producers produce more output, increasing the gains from trade deadweight losses are eliminated because foreign producers sell below their product cost QUESTION 20 As a result of tariffs, domestic producers tend to • gain more than domestic consumers lose • spend less money on lobbying...
Assume that, without taxes, the consumption schedule of an economy is as follows: a. What is...
Assume that, without taxes, the consumption schedule of an
economy is as follows:
a. What is the value of the MPC?
_______
.Graph the resulting consumption
schedule.
Instructions: Use the tool provided 'CE' to draw
the consumption schedule. Plot 8 points total.
b. Assume now that a lump-sum tax is imposed such that the
government collects $10 billion in taxes at all levels of GDP. Add
the after-tax consumption to the table below.
Compare the MPC and the
multiplier with...
Assume that, without taxes, the consumption schedule of an economy is as follows GDP, Billions Consumption,...
Assume that, without taxes, the consumption schedule of an economy is as follows GDP, Billions Consumption, Billions $0 100 200 300 $40 120 200 280 360 440 520 600 400 500 600 700 a. What is the value of the MPC? Graph the resulting consumption schedule. Instructions: Use the tool provided "CE to draw the consumption schedule (plot 8 points total). Consumption Expenditure Tools CE Consumption (billions of dollars) 45 100 200 300 400 500 600 700 800 Help Save...
In Japan, taxes and real imports do not depend on real income. Autonomous real consumption is ¥400 million, lump-sum taxes (taxes that do not depend on real income) are ¥100 million, investment spendi...
In Japan, taxes and real
imports do not depend on real income. Autonomous real consumption
is ¥400 million, lump-sum taxes (taxes that do not depend on real
income) are ¥100 million, investment spending is ¥300 million,
Japanese government spending is ¥100, and real net exports are ¥0,
The Japanese Marginal Propensity to Consume is 0.60. a. Solve for
the equilibrium level of Japanese real GDP. b. Suppose that more
foreign investors begin to buy Japanese stocks on the Tokyo Stock...
1) If MPC = 0.6 (and there are no income taxes) when G increases by 200,...
1) If MPC = 0.6 (and there are no income taxes) when G increases by 200, then the IS curve for any given interest rate shifts to the right by: A) 200. B) 300. C) 400. D) 500. 2)If MPC = 0.6 (and there are no income taxes but only lump-sum taxes) when T decreases by 200, then the IS curve for any given interest rate shifts to the right by: A) 100. B) 200. C) 300. D) 40
Question 8- Fiscal policy: A higher return on saving save to achieve any target level of future c...
Question 8- Fiscal policy: A higher return on saving save to achieve any target level of future consumption. This effect on saving is called the the amount a household needs to effect. If the income effect is large enough, then a reduction in taxes on saving might tax revenues.
Question 8- Fiscal policy: A higher return on saving save to achieve any target level of future consumption. This effect on saving is called the the amount a household needs to...
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...
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 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 O but only in the presence of government regulation if consumers have more information regarding...
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 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...
Question Completion Status: QUESTION 19 When the government increases tariffs production switches from low-cost foreign producers to high-cost domestic producers, wasting resources domestic producers buy more of the good, increasing the gains from trade domestic producers produce more output, increasing the gains from trade deadweight losses are eliminated because foreign producers sell below their product cost QUESTION 20 As a result of tariffs, domestic producers tend to • gain more than domestic consumers lose • spend less money on lobbying...
Assume that, without taxes, the consumption schedule of an
economy is as follows:
a. What is the value of the MPC?
_______
.Graph the resulting consumption
schedule.
Instructions: Use the tool provided 'CE' to draw
the consumption schedule. Plot 8 points total.
b. Assume now that a lump-sum tax is imposed such that the
government collects $10 billion in taxes at all levels of GDP. Add
the after-tax consumption to the table below.
Compare the MPC and the
multiplier with...
Assume that, without taxes, the consumption schedule of an economy is as follows GDP, Billions Consumption, Billions $0 100 200 300 $40 120 200 280 360 440 520 600 400 500 600 700 a. What is the value of the MPC? Graph the resulting consumption schedule. Instructions: Use the tool provided "CE to draw the consumption schedule (plot 8 points total). Consumption Expenditure Tools CE Consumption (billions of dollars) 45 100 200 300 400 500 600 700 800 Help Save...
In Japan, taxes and real
imports do not depend on real income. Autonomous real consumption
is ¥400 million, lump-sum taxes (taxes that do not depend on real
income) are ¥100 million, investment spending is ¥300 million,
Japanese government spending is ¥100, and real net exports are ¥0,
The Japanese Marginal Propensity to Consume is 0.60. a. Solve for
the equilibrium level of Japanese real GDP. b. Suppose that more
foreign investors begin to buy Japanese stocks on the Tokyo Stock...
Question 8- Fiscal policy: A higher return on saving save to achieve any target level of future consumption. This effect on saving is called the the amount a household needs to effect. If the income effect is large enough, then a reduction in taxes on saving might tax revenues.
Question 8- Fiscal policy: A higher return on saving save to achieve any target level of future consumption. This effect on saving is called the the amount a household needs to...
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...
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