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

Financial contributions to the campaigns of members of Congress,state legislators,and other elected officials by firms that seek special interest legislation that make the firms better off are

An income tax system is ________ if marginal tax rates increase as income increases.

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

One result of the public choice model is that most economists believe that

The corporate income tax is ultimately paid by all of the following except

Ivy Jasmnine Rose Subsidies for educationt 2nd 3rd 1st Research on Alzheimer's 3rd 1st 2nd Increased border security 1st 2nd 3rd Suppose $1 billion is available in the budget and Congress is considering allocating the funds to one of the following three alternatives: 1)Subsidies for education,2)Research on Alzheimer's or 3)Increased border security.Table 18-1 shows three voters' rankings of the alternatives. -Refer to Table 18-1.Suppose a series of votes are taken in which each pair of alternatives is considered in turn.If the vote is between allocating funds to subsidies for education and research on Alzheimer's

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

U.S.taxpayers spend many hours during the year maintaining records for tax purposes and preparing their income tax returns.This administrative cost

What is the term that explains why voters often lack knowledge of pending legislation,and lack knowledge of the views of candidates for office on a range of issues that affect their own (the voters')welfare?

According to projections for 2016 by the Tax Policy Center,the 20 percent of U.S.taxpayers who make the highest incomes

If,as your taxable income decreases,you pay a larger percentage of your taxable income in taxes,then the tax is

Figure 18-1 -Refer to Figure 18-1.Area B + C + F + G represents

In the United States,the largest source of funds for public schools is

The distribution of income typically refers to how income is distributed across the population ________.Income mobility looks at how a person or family's income changes ________.

The Gini coefficient for the United States in 1980 was 0.403.In 2014,the coefficient was equal to 0.480.This means that

If,as your taxable income decreases,you pay a smaller percentage of your taxable income in taxes,then the tax is

Which of the following is the largest source of revenue for the U.S.federal government?

Which of the following is not an example of rent-seeking behavior?

The voting paradox suggests that the "voting market," as represented by elections

The excess burden of a tax