A. total taxes paid divided by total income
B. the extra taxes paid on an additional dollar or income.
C. the taxes paid by the marginal worker
D. total income divided by total taxes paid
A. a proportional tax
B. a regressive tax
C. an equitable tax
D. a progressive tax
A. an excess of government receipts over government spending.
B. an equality of government spending and receipts.
C. a surplus of government workers.
D. an excess of government spending over government receipts.
A. will have no impact on tax revenue.
B. will always reduce tax revenue regardless of the prior size of the tax
C. could increase tax revenue if the tax had been extremely high
D. causes a market to become less efficient
A. none of these answers
B. Reagan curve
C. Keynesian curve
D. Laffer curve
E. Henry George curve.
A. the unscrupulous to enter the underground economy
B. the elderly to retire early.
C. all the things described in these answers.
D. second earners to stay home.
E. workers to work fewer hours
A. supply is elastic, and demand is perfectly inelastic
B. demand is elastic, and demand is perfectly inelastic
C. both supply and demand are relatively inelastic
D. both supply and demand are relatively elastic
A. a tax on salt
B. a tax on cigarettes
C. a tax on petrol
D. a tax on cruise line tickets
A. B + C + E + F
B. E + F
C. B + C
D. A + B + C + D
A. B + C + E + F
B. E + F
C. A + B + C + D
D. A + B + C + D + E + F