Ad valorem taxation
A) refers to the personal income tax.
B) is used to tax goods but not services.
C) is assessed by charging a tax rate as a fraction of the market price of a good.
D) is a tax that is applied only to cigarettes and alcohol.
Question 2
Market failure means that
A) the strike organized by unionized employees fails to achieve its goal.
B) too many outdated products are offered for sale in the local supermarket.
C) there is overallocation or underallocation of resources to certain economic activity.
D) an unexpectedly harsh winter shuts down a factory.
Distribution of the Income of Americans
Race-Ethnicity and Income Extremes
How an Increase in Income Inequality Affects the Desired Tax Rate
Income per Capita versus Total Fertility Rate
Relationship between Latitude and Income per Capita
Infant mortality by income quintile, urban Canada, 1996