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Posted: July 13th, 2022
Tax Assignment | Homework For You
19. Which type of tax causes the distribution of income to be more unequal?
a. proportional
b.progressive
c. regressive
20. Excess burden:
a. is the amount that the burden imposed by a tax exceeds the funding provided by the tax
b. does not occur with most taxes
c. is not significant with the federal personal income tax
d. All of the above
21. The deadweight loss of a tax occurs:
a. when a tax distorts decisions made in the private market
b. when a tax eliminates mutually beneficial transactions
c. Both of the above
d. Neither of the above
22. An increase in per capita Real GDP:
a. is per capita economic growth
b. always results in a higher standard of living
c. Both of the above
d. Neither of the above
23. To achieve long run economic growth:
a. a country can move from a point inside its PPF to a point on its PPF
b. a country must shift its PPF outward
c. Both of the above
d. Neither of the above
24. An increase in labor productivity:
a. is an increase in output per unit of labor
b. will increase Real GDP
c. will increase per capita Real GDP
d. All of the above. Economics Assignment: I need help writing a research paper.
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