Category: Taxation

A. marginal tax rate
B. average tax rate
C. horizontal tax rate
D. proportional tax rate

A. B + C + E + F
B. E + F
C. B + C
D. A + B + C + D

A. D
B. A
C. A + B + E
D. A + B +C + D

A. C + D + F
B. A
C. A + B + E
D. D + C + B

A. caused a deadweight loss
B. decreased equity
C. generated no tax revenue
D. increased efficiency

A. marginal tax rates are high.
B. higher income taxpayers pay more taxes than do lower income taxpayers.
C. marginal tax rates are low.
D. higher income taxpayers pay a greater percentage of their income in taxes than do lower income taxpayers.

A. All these answers can be supported by the benefits principle of taxation
B. Progressive income taxes used to pay for national defense
C. Petrol taxes used to pay for roads
D. property taxes used to pay for policies and the court system

A. will fall
B. will rise
C. will first rise and then fall
D. will first fall and then rise

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 + B + E
B. D
C. C + F
D. C + D + F