estion 1

  1. The statutory incidence of a tax refers to who is
    responsible to turning in taxes to the government while the
    economic incidence of a tax refers to who bears the burden of a
    tax.

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    True
    False

Question 2

  1. The economic incidence of a tax or a subsidy is
    independent of its statutory incidence.

    True
    False

Question 3

  1. If the
    government used the revenue from the excise tax on cigarettes to
    fund research on lung cancer treatment programs, this would be an
    example of
    a
    benefits-received tax.
    a vertical
    equity tax.
    a user
    fee.

Question 4

  1. Taxes lead to the following:

    increased cost of producing goods and services,
    increased price of goods and services to consumers, decreased
    consumption and production of goods and services, and decreased
    employment in producing those goods and services.

    decreased cost of producing goods and services,
    increased price of goods and services to consumers, decreased
    consumption and production of goods and services, and decreased
    employment in producing those goods and services.

    increased cost of producing goods and services,
    decreased price of goods and services to consumers, decreased
    consumption and production of goods and services, and decreased
    employment in producing those goods and services.

    decreased cost of producing goods and services,
    decreased price of goods and services to consumers, decreased
    consumption and production of goods and services, and decreased
    employment in producing those goods and services.

Question 5

  1. A gasoline tax is a proportional tax with respect to
    income.

    True
    False

Question 6

  1. A tax on
    ________ would impose the smallest excess burden on an
    individual.
    Diet
    Pepsi
    all diet
    beverages
    all soft
    drinks
    all types
    of beverages including water

Question 7

  1. A theory of
    fairness that holds that taxpayers should contribute to the
    government in proportion to the benefits they receive from public
    expenditures is the ________ principle.
    ability-to-pay
    equity
    benefits-received
    equality-for-all

Question 8

  1. In a market, quantity produced and consumed is
    determined by how much consumers are willing and able to pay for
    the goods and services, and how much producers ar willing and able
    to supply of the goods and services. The market is thus an
    allocation system that meets:

    the ability-to-pay principle of fairness.

    the benefits-received principle of fairness.

    both the ability-to-pay and the benefits-received
    principles of fairness.

    neither the ability-to-pay nor the benefits-received
    principle of fairness.

Question 9

  1. A family
    that earns $20,000 a year pays $200 a year in clothing taxes. A
    family that earns $40,000 a year pays $800 a year in clothing
    taxes. The clothing tax is a ________ tax.
    progressive
    regressive
    proportional
    benefits-received

Question 10

  1. An increase in subsidies to higher education leads to
    the following:

    further increase in demand for a college education
    and pressure up on the price of a college education.

    decrease in demand for a college education and
    pressure up on the price of a college education.

    further increase in demand for a college education
    and pressure down on the price of a college education.

    decrease in demand for a college education and
    pressure down on the price of a college education.

    Please help me from Question 1 to 10 and use a b c d to represent
    the answers thanks.!!!!

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