« previous next »

Author Question: Assume the production of a good gives rise to external benefits. The government may increase ... (Read 66 times)

maychende

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
Assume the production of a good gives rise to external benefits. The government may increase efficiency by
 
  A) subsidizing consumption of the good.
  B) requiring all producers of the good to be licensed.
  C) taxing production of the good.
  D) imposing taxes on the good.

Question 2

If a tax system is progressive, then
 
  A) the average and the marginal tax rates are equal.
  B) the marginal tax rate is greater than the average tax rate as income rises.
  C) the marginal tax rate is lower than the average tax rate as income rises.
  D) the average tax rate is constant, but the dollar amount paid in taxes increases as income increases.


joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Production of Saliva Production of Saliva
The Rise of the Second American Party System, 1828 The Rise of the Second American Party System, 1828
Relationship Between Physical Activity and Improved Health Benefits Relationship Between Physical Activity and Improved Health Benefits
Use an Automated External Defibrillator Use an Automated External Defibrillator
Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience. Will the sun rise tomorrow? Are you sure? “Cause and effect” vs. sense experience.
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library