A) a situation where a policymaker votes to approve a bill in exchange for favorable votes from his colleagues on other bills B) a situation where policymakers transfer resources from those voters who are unlikely to have a huge impact on the political outcome to those who contribute to political campaigns C) a situation where a policymaker accepts bribes to prevent proposed legislation from coming to a vote D) a situation where a policymaker gets the government to fund a non-essential project benefiting her family members A) a situation where a policymaker votes to approve a bill in exchange for favorable votes from his colleagues on other bills B) a situation where policymakers transfer resources from those voters who are unlikely to have a huge impact on the political outcome to those who contribute to political campaigns C) a situation where a policymaker accepts bribes to prevent proposed legislation from coming to a vote D) a situation where a policymaker gets the government to fund a non-essential project benefiting her family members

Exam 18: Public Choice, taxes, and the Distribution of Income

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Suppose,on average,a family in Church Falls earning $60,000 per year paid 6 percent of its income in state taxes.A family earning $80,000 paid,on average,$4,760 in state income taxes.Are state taxes in Church Falls progressive or regressive? Be sure to explain the difference between a progressive tax and a regressive tax.

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Question 101

At the state and local levels in the United States,the largest source of tax revenue is

(Multiple Choice)

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Question 102

Exemptions and deductions are used

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Question 103

What is the relationship between market failure and government failure?

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Question 104

The government of Silverado raises revenue through a general income tax paid by all its residents to operate the city's marina.The marina is used by private boat owners.This method of raising revenue to operate the marina is

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Question 105

When the elasticity of demand for a product is smaller than the elasticity of supply,sellers pay the majority of the tax on the product.

(True/False)

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Question 106

If your income is $40,000 and you pay taxes of $4,650,what is your average tax rate? Show your work.

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Question 107

What is the difference between the voting paradox and the Arrow impossibility theorem?

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Question 108

What is logrolling?

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Question 109

Compare the distribution of income in the United States with the distribution of income in other high-income countries.

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Question 110

The median voter theorem states that the outcome of a majority vote

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Question 111

Suppose the government imposes an 8 percent sales tax on clothing items and the tax is levied on sellers.Who pays for the tax in this situation? (Assume that the demand curve is downward-sloping and that the supply curve is upward-sloping.)

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Question 112

Which of the following tax systems would help reduce income inequality the most?

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Question 113

If the marginal tax rate is equal to the average tax rate as taxable income increases,the tax structure is

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Question 114

For a given supply curve,the deadweight loss from the imposition of a tax is smaller if demand is more elastic.

(True/False)

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Question 115

The largest percentage of federal income tax revenue in the United States is paid by the

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Question 116

Figure 18-4 Figure 18-4 shows the Lorenz curve for a hypothetical country. -Refer to Figure 18-4.The middle 20 percent of households

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Question 117

Figure 18-2 Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other. -Refer to Figure 18-2.If the government imposes an excise tax of $1.00 on every unit sold,the government's revenue from the tax

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Question 118

A marginal tax rate is

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Question 119

A statistical tool used to measure inequality is

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Question 120

Showing 101 - 120 of 134

Exam 18: Public Choice, taxes, and the Distribution of Income

At the state and local levels in the United States,the largest source of tax revenue is

Exemptions and deductions are used

What is the relationship between market failure and government failure?

The government of Silverado raises revenue through a general income tax paid by all its residents to operate the city's marina.The marina is used by private boat owners.This method of raising revenue to operate the marina is

When the elasticity of demand for a product is smaller than the elasticity of supply,sellers pay the majority of the tax on the product.

If your income is $40,000 and you pay taxes of $4,650,what is your average tax rate? Show your work.

What is the difference between the voting paradox and the Arrow impossibility theorem?

What is logrolling?

Compare the distribution of income in the United States with the distribution of income in other high-income countries.

The median voter theorem states that the outcome of a majority vote

Suppose the government imposes an 8 percent sales tax on clothing items and the tax is levied on sellers.Who pays for the tax in this situation? (Assume that the demand curve is downward-sloping and that the supply curve is upward-sloping.)

Which of the following tax systems would help reduce income inequality the most?

If the marginal tax rate is equal to the average tax rate as taxable income increases,the tax structure is

For a given supply curve,the deadweight loss from the imposition of a tax is smaller if demand is more elastic.

The largest percentage of federal income tax revenue in the United States is paid by the

Figure 18-4 Figure 18-4 shows the Lorenz curve for a hypothetical country. -Refer to Figure 18-4.The middle 20 percent of households

Figure 18-2 Figure 18-2 shows a demand curve and two sets of supply curves, one set more elastic than the other. -Refer to Figure 18-2.If the government imposes an excise tax of $1.00 on every unit sold,the government's revenue from the tax

A marginal tax rate is

A statistical tool used to measure inequality is

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

Externalities, environmental Policy, and Public Goods

Elasticity: The Responsiveness of Demand and Supply

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Consumer Choice and Behavioral Economics

Technology, production, and Costs

Firms in Perfectly Competitive Markets

Monopolistic Competition: The Competitive Model in a More Realistic Setting

Oligopoly: Firms in Less Competitive Markets

Monopoly and Antitrust Policy

Pricing Strategy

The Markets for Labor and Other Factors of Production

GDP: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

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