Principles of Economics Study Set 4
Quiz 14: Public Goods and Tax Policy
A Head Tax Means the Amount of Tax Paid Is A)the
A head tax means the amount of tax paid is A)the same for all taxpayers. B)the same for all families. C)a linearly increasing function of the taxpayer's income. D)the same for all taxpayers who use the public good.
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If government chooses to use a head tax to finance a particular public good,then the A)percent of income paid in taxes is constant. B)amount of tax paid by each taxpayer declines as income rises. C)percent of income paid in taxes declines as income rises. D)percent of income paid in taxes increases as income rises.
A proportional tax results in A)a larger percentage of income going to taxes as income rises. B)a smaller percentage of income going to taxes as income rises. C)the same amount of income going to taxes as income rises. D)the same percentage of income going to taxes as income rises.
Joe earns $10,000 in income and pays $1,000 in taxes while Jack earns $30,000 and pays $4,000 in taxes.The structure of this tax is A)progressive. B)proportional. C)regressive. D)a head tax.
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