Microeconomics Study Set 10
Quiz 20: Taxation and the Public Budget
In the Real World,lump-Sum Taxes Are
In the real world,lump-sum taxes are: A) rarely used. B) commonly used. C) applied only to the wealthy in the U.S. D) very common in non-western nations.
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In the real world,lump-sum taxes are: A) perceived as unfair. B) rarely used. C) very efficient. D) All of these statements are true.
Lump-sum taxes reduce the total amount of revenue that can be raised because: A) people perceive them to be unfair. B) they have large administrative burdens. C) the size of the tax is limited by the poorest citizens' ability to pay. D) they are often applied inefficiently.
All taxes carry which of the following costs? A) Time in creating procedures for collecting revenues B) Enforcing tax payments C) Managing collected funds D) All taxes incur all of these costs.
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