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Author Question: A unanimity rule suffers from the holdout problem. a. True b. ... (Read 52 times)

lracut11

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on: Jul 1, 2018
A unanimity rule suffers from the holdout problem.
 
  a. True b. False

Question 2

Is beer taxation a regressive, proportional, or progressive tax if viewed as a point in time? Please explain your answer. What about if viewed over a person's lifetime? If your answer changes, please explain why.
 
  What will be an ideal response?


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iceage

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

Viewed at a point in time, beer taxation is regressive because the low-income people drink more beer as a percentage of their income than do higher income individuals. Viewed over a lifetime, however, beer taxation is probably progressive because a large amount of the beer consumption among low-income individuals during any period is among college students, who will, on average, have higher incomes over their lifetimes.


lracut11

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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