Being a legislative in nature, the power to tax may not be delegated except a. To local governments or political subdivisions b. When allowed by constitution c. When delegation related merely to administrative implementation that may call for some degree of discretionary powers under a set of sufficient standards expressed by law or implied from the policy and purpose of the act. d. All of the above

Q: Miller wants to discourage energy drink purchase, so he's considering a $1 tax or $2 tax on the…

A: The Laffer curve, given by Arthur Laffer, is a supply-side economics' paradigm that illustrates the…

Q: S. The "crowding- out effect" refers to the possibility that larger expen Ehe government simply…

A: Government borrows from the market to fund its increased expenditure, this borrowing leads to an…

Q: 10) For optimal tax, which of the following rules are true? A) Broad base rule: Better to tax a wide…

A: Optimal taxation theory aims to find the tax system that will achieve the desired revenue and income…

Q: According to the government budget constraint discussed in the lecture, budget surpluses lead to a/n…

A: A budget is a legal document of the government which is formulated either by a political entity or…

Q: A governor presents an exparsionary fiscal plan to stimulate production throughcut the state. Which…

A: The best expansionary fiscal plan to stimulate the production in the state is to reduce the tax rate…

Q: ose George's income is $10,000 and he pays a tax of $1,000, but Laura's income is $50,000 and she…

A: Tax is referred to financial charge that is compulsory for every individual. Taxation is a term used…

Q: How would you characterize the tax system? O. Progressive Ob. Regressive O. Proportional Od.…

A: The charge that is being levied on goods and services by the government is known as tax. It is…

Q: Which is wrong? EXPLAIN   a. The government should tax itself. b. The government can tax itself. c.…

A: In an economy, government is the highest ruling authority that runs the economy based on its…

Q: Suppose that the government imposes a tax on heating oil. Would the deadweight loss of this tax…

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Q: Describe the fiscal interdependence of the various levels of government in the U.S. (a) How do the…

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Q: Suppose a tax is imposed on the buyers of a product. The burden of the tax will fall entirely on the…

A: If a tax is imposed on the buyer of a product, the tax burden is shared by both buyers and sellers.…

Q: If sellers bear more of the burden of taxation then O supply is more elastic than demand O…

A: Tax incidence refers to the distribution of tax burden between buyers and sellers. The burden of the…

Q: Which of the following is true in the United States? O A. Only state governments can collect taxes.…

A: Tax is the compulsory payment to the government and it is the main source of government revenue.…

Q: Suppose in Fiscalville there is a O percent tax on the first $10,000 of income, but there is a 20…

A: a. The first $10,000 is tax-free in the economy and the next $10,000 has a 20 percent tax, the next…

Q: The Laffer Curve illustrates that government can collect the same amount of tax revenue by choosing…

A: 1.Laffer curve is an inverted U shape like a curve. It states the relationship between tax rates and…

Q: Suppose the government imposes a specific tax of t=2 per unit. a. How do the equilibrium price and…

A: Given Information Demand Curve = 120 - 10PSupply Curve = 10P Tax, r = 2 per unit

Q: Most economists believe that a seduction in all statutory federal income tax rates in the United…

A: The supply of labor and other factors considering in and out of a city is more elastic than the…

Q: Question 2 The ability-to-pay principle says that: O the amount of tax paid depends on the measure…

A: Taxation: - Taxation is the imposition of some charges by the government of a country on the…

Q: when thinking about philosophical position on the size of the federal governement. Alternatively,…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In 2016, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2016, the city of…

A: An economy's budget is said to be in surplus when it collects more revenue than it spends, while…

Q: Which of the following would be classed as an expansionary fiscal policy? O A. An increase in the…

A: Fiscal policy is the one used by the government. The instruments used by the government in a fiscal…

Q: Explain the inherent limitation that the power of taxation is an inherently legislative function

A: When a taxing agency, generally a government, levies or imposes a financial burden on its residents…

Q: Which of the following statements are true: O A gasoline tax can be fair in the sense of the…

A: A gasoline tax can be fairin the sense of the benefits principle and it can be efficient as a…

Q: Imposition of new taxes levied on goods and services will tend to remain constant remains the same…

A: The demand curve shows the relationship between price and quantity demanded of goods and services.…

Q: 8. Generally, the following can exercise the power of taxation, except: a. The local sanggunian b.…

A: Answer 8) Option c is correct The President only who does not have any power related to Taxation as…

Q: As government keep raising tax rate (t) on buyers, government will continually collect higher tax…

A: The government influences the amount of discretionary income available to households by raising or…

Q: Suppose the stock of government debt in Canada at the end of one fiscal year is $474 billion. If the…

A: Answer: Option D (the government had an overall budget surplus of $18 billion). Explanation: The…

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Q: What is the shortsightedness effect? How does it influencethe attractiveness of government…

A: Despite the fact that most of the resources required for government spending are raised each year…

Q: Identify whether each of the following taxes is progressive or regressive and indicate in each case…

A: 1. The Federal Personal Income tax is” progressive, and the incident is on the taxpayer” As income…

Q: Consider the government's budget balance Suppose G=440 and the government's net tax revenue is equal…

A: Given information, Governement spending (G)= 440 Government's net tax revenue= 0.13Y Income…

Q: Suppose the government puts a tax on a market with inelastic supply and elastic demand, then---- O.…

A: When a government imposed a tax on a product, then how much the burden of the tax falls on buyers…

Q: Consider the market for rubber bands,a. Lf this market has very elastic supply andvery inelastic…

A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation…

Q: Refer to the accompanying table for Waxwania.   Government Expenditures, G Tax Revenues, T Real GDP…

A: Average tax rate = (Tax paid / Taxable income) => Average tax rate = (Tax revenue / Real GDP)…

Q: d. Given C and I above, if government increases both G and T by 30, calculate equilibrium Y. e.…

A: We use the following formula, Income = Aggregate expenditure Y = C + I + G

Q: Figure 4-11 LAFFER CURVE 100 в Tax Revenue Refer to Figure 4-11. On the Laffer curve shown, tax…

A: The Laffer curve illustrates the relationship between the tax rate imposed by the government and the…

Q: An example of an expansionary fiscal policy is O a) eliminating certain deductions for taxes on…

A:

Q: Suppose you are a typical person in the U.S. economy. You pay 4 percent of yourincome in a state…

A: Taxes are referred to as mandatory contributions which are levied on individuals or businesses by…

Q: Tax incidence refers to ? A. the average tax rate. B.how much revenue a tax generates. C.the extent…

A: The tax incidence means the division of tax burden between buyers and sellers. It refers to the…

Q: Suppose real GDP is constant. If the government's fiscal policy objective is to reduce the…

A: Fiscal policy: It is taken by the government in order to make the growth of the economy more and to…

Q: Which of the following group of states received the most federal spending per tax dollar paid to the…

A: To answer this, derive the tax data from the fed website available as a free source.

Q: President feels uncomfortable with the slow approval of the legislative body for the amendment of…

A: Executive order is a order or a rule that is issued by the president to an executive branch of the…

Q: The budget deficit is calculated as government spending minus tax revenues. O A. False O B. True

A: As you have asked about 2nd question so I am answering that only. Budget: It is the plan of spending…

Q: b) Show that the activity Y when the parliamentary majority increases Ip by 100 so that Alp = 100…

A: AD = C+I+G+NX  Where C = consumption expenditure I = investment expenditure G= government spending I…

Q: 1. What is the relative importance of taxation to the economy of the country? Give at least three…

A: Since you have asked multiple questions, we are answering the first one for you. If you want the…

Q: Suppose the stock of government debt in Canada at the end of one fisca end of the next fiscal year,…

A: Budget deficit means that government expenditure is higher than the Government Revenues in this case…

Q: Suppose that your state raises its sales tax from5 percent to 6 percent The state revenue…

A: Given: Sale increased from 5% to 6%