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._______ The government spends more than it receives.
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- (7) An increase in government spending would shift the __________________________ __________________________ __________________________ to the right.Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by 200 from this smoking ban. However, there are two large tobacco companies in Tobaccoville and the ban would cost them $5 million each. What are the proposed policys total costs and benefits? Do you think it will pass?1. Consider the three top spending priorities. How do public policy priorities, and how they are funded, reflect the political culture of Texast How have policy makers balanced Texans' desire for low taxes with important state responsibilities?
- 5. PLEASE ANSWER ASAP! Give the answer of letter only: The amount of tax revenue received by the government is equal to the area: a) P1 C D P2. b) P2 D A P3. C) P3 A C P1 d) AB C.Question 10 A government is considering reducing the amount of taxes it collects from its citizens each year. Which of the following is the best argument against the tax reduction? a The government might have a smaller role in the economy. b The government will likely have to produce fewer goods and services with the reduced revenue. c Citizens will not be able to purchase as many goods and services as they could previously. d People do not generally like taxes.D) Most conservative criticisms about the ill-effects of taxes are exaggerated or untrue. Taxes are in fact good they are dues we pay to enjoy the numerous vital benefits that government provides for our society. You are a Jamaican citizen who believes that taxes are unjust make a strong case to support your point of view. In Jamaica
- 1. The government of Antigua wishes to introduce income tax to increase government revenue. In so doing, a consultant was hired to make recommendations on the best way forward. The consultant proposed that the government shouldn’t tax any employee earning below XCD25,000.00 annually or the employee first XCD25,000.00 annually. Thereafter, any employee earning between XCD25,000.00 and XCD40,000.00 annually should pay 5.5% income tax and then any employee earning above XCD40,000.00 should pay 10.5% income tax. For the above information answer the following: a. Derive a mathematical function to represent the consultant’s position clearly identifying all variables and intervals. b. From part a) above, state the name of ALL the mathematical functions derived. c. If Jane (someone working in Antigua) pays XCD750.00 in income tax, calculate Jane’s annual income.9.which flows represent taxes? a. C and D b. E and F c. A and B d. D and E3.Define progressive tax.asap
- A2) Economics Explain the importance of taxation which has been aptly considered one of the three fundamental powers of the state. (police power, eminent domain, taxation)explain four reason why is tax important for a countryQuestion 23 Why might a tax be inefficient? a It distorts behavior, causing the marginal costs to be higher than the marginal benefits b The average cost of the tax is too high. c The tax is politically infeasible. d The tax does not collect enough revenue.
