Author Question: How much does it cost to tax a dollar of revenue away from the private sector and transfer it to the ... (Read 60 times)

jazziefee · **on:** Jun 30, 2018

How much does it cost to tax a dollar of revenue away from the private sector and transfer it to the government in order to bail out a specific industry?

(a) One dollar
(b) Less than one dollar because the administration of and compliance with the tax
laws creates jobs for people
(c) Less than a dollar because of the excess burden resulting from the elimination of
productive exchanges by the taxes
(d) More than a dollar because collection of the taxes requires resources that would otherwise
be available for private sector production

Question 2

Which of the following best describes chattel slavery?

(a) It provided protected property rights to the slaves.
(b) It offered property rights to the slave owners.
(c) It involved the establishment of a voluntary contract between slave and slave owner.
(d) It created wealth for the slave and slave owner.