Compare and contrast the following concepts and indicate their implications to the provision of local public goods: Tiebout model vs. Lindahl taxes in the context of provision of local public goods
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Compare and contrast the following concepts and indicate their implications to the provision of local public goods:
Tiebout model vs. Lindahl taxes in the context of provision of local public goods
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- Explain the extent of the applicability of social political theory in any economy in public financeExplain briefly why the shape of the demand curve for the public good is downward sloping for HHA and upward sloping for HHB.An excess burden is present when taxpayers alter their behavior on account of taxation. True False
- Q.1.8 An example of an indirect tax is: (a) income tax.(b) secondary tax on dividends.(c) company tax.(d) value added tax.Q.1.9 Which one of the following statements is INCORRECT? (a) Provincial government forms part of the public sector.(b) Central government forms part of general government.(c) Provincial government forms part of the general government.(d) Public corporations form part of general government. Q.1.10 Openness of an economy is: (a) the extent to which a country is involved in international trade andfinance.(b) the degree to which a country generates its economic growth.(c) the degree to which a country generates its income.(d) the extent to which a country is involved in tourism.Discuss at least three problems and issue which beset efficient and effective tax administration in the PhilippinesA country is using a proportional tax when Group of answer choices its marginal tax rate equals its average tax rate. its marginal tax rate is less than its average tax rate. its marginal tax rate is greater than its average tax rate. it uses a lump-sum tax.
- Ideally, a tax system would require equal sacrifice, not of dollars, but of utility from each citizen in order to support shared public services. Select one: True FalseDistinguish between the benefits-received and the ability-to-pay principles of taxation. Which philosophy is more evident in our present tax structure?In providing public goods, government forced contribution will have a crowding-out effect even if private contribution is Zero. True or false, and explain
- Indirect taxes: Draw diagrams to show specific and ad valorem taxes, and analyze their impacts on market outcomes. Discuss the consequences of imposing an indirect tax on the stakeholders in a market, including consumers, producers and the government (EVALUATE). Explain, using diagrams, how the incidence of indirect taxes on consumers and firms differs, depending on the price elasticity of demand and on the price elasticity of supply.Proportional tax rate is appropriate to corporation while progressive tax rates are appropriate to individual taxpayers. Discuss this statementWhich of the following is an example of a potential tax implication resulting from recent government policies? A)Increase in tax rates for high - income earners B) Expansion of tax deductions for charitable donations C) Introductionof tax credits for small businesses D) Elimination of payroll taxes for all employees