Economists James Buchanan and Gordon Tullock are well-known for developing Group of answer choices the impossibility theorem. the voting paradox. the public choice model. the concept of government failure.

Q: Similarities between a customers power to dictate the products available to them through purchases…

A: Consumer sovereignty is the principle that the production of commodities and services is decided by…

Q: The idea that people in equal conditions should pay equal taxes is referred to as Group of answer…

A: The term “tax” is defined as the compulsory payment made by the individuals of the country to either…

Q: The idea that an increase in a tax rate generates a reduction in the tax base that makes the net…

A: Imposition of tax on a good generates tax revenue for the government

Q: Suppose that a central government levies a new tax called “garbage tax” on all households of the…

A: Taxes are the required payments to the government without expecting any direct return or profit.…

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: The United States legislature is a bicameral legislative body. Group of answer choices True False

A: Explanation:-The  biсаmerаl  system  in  the  U.S.  соnsists  оf  the  Hоuse  оf  Reрresentаtives…

Q: o economic theory, which of the following is NOT a feature of an ideal tax system? Multiple Choice…

A: In economics, the Ideal Tax system is a system that complete the criteria of increasing state…

Q: Explain in no less than 4 sentences why Taxation is called the Lifeblood if the Government/State.

A: The charges that are being levied by the government on individuals are known as taxes. They are…

Q: Which of the following statements about the Bipartisan Campaign Reform Act is true? Select the…

A: The McCain-Feingold Act is one of the few government regulations that manage the financing of…

Q: How might special interest groups and lobbyists influence campaigns and elections?   Group of answer…

A: SIGs or Special interest group is a community formed by individuals with a shared interest in a…

Q: Optimal fiscal federalism refers to A.the optimal distribution of property taxes across local…

A: Sometimes there isn't optimal provision of public goods by the local government for which the…

Q: At the state and local levels in the United States, the largest source of tax revenue is   Group of…

A: At the state and local levels in the United States, the government collects tax revenues from the…

Q: A government budget surplus is __________. Question 22 options:     a situation in which the amount…

A: Government budget balance depends on how much government is giving and how much it is getting.

Q: Those on the political left would tend to favor _____ government action and _____ taxation to reduce…

A: In an economy, income inequality is a major problem because it arises many other issues in the…

Q: Horizontal fiscal externalities can lead to inefficiently low tax rates when tax bases are mobile,…

A: Statement 1:For example, the horizontal tax competition suggests that the expectation that a mobile…

Q: An excess burden is present when taxpayers alter their behavior on account of taxation

A: False.

Q: Compare and contrast Demand Side and Supply Side tax cuts.

A: Macroeconomics have two sides to the economy, demand-side economy and supply-side economy. The…

Q: An economist who favors smaller government would recommend: tax cuts during recession and…

A: Economists, such as classical, favor smaller government as they emphasize the role of the invisible…

Q: The term checks and balances refers to the system under which Group of answer choices the powers of…

A: Checks and balances, principle of state under which separate branches are empowered to stop actions…

Q: Which type of taxation places a higher burden on people that do not make a lot of money? A…

A: Taxation is the imposition of mandatory taxes by governments on persons or corporations. Taxes are…

Q: Which one of the following statements is INCORRECT?

A: ANSWER   one of the following statements is INCORRECT

Q: Which is the most ideal tax because it is the most efficient? *       Progressive tax       Income…

A: An ideal tax should be simple and it should promote efficiency and equity.

Q: For each of the following scenarios involving the U.S. government, determine the primary function of…

A: Since you have asked multiple questions, and according to policy, we can solve only 1 question, and…

Q: Question 6 Logrolling refers to 1) choosing political platforms to appeal to special interests. 2)…

A: In an economy, government plays a significant role in improving the health of the economy due to…

Q: For each description in the following table, identify the property of a desirable voting system it…

A: Since nothing is mentioned, we will answer the first question only. Please resubmit the question…

Q: Q.1.8 An example of an indirect tax is:  (a) income tax. (b) secondary tax on dividends. (c) company…

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

Q: A new elected government want to reform its tax system. As an economist you are hired to advise the…

A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…

Q: Ideally, a tax system would require equal sacrifice, not of dollars, but of utility from each…

A: Taxation refers to the practice of governments levying mandatory financial obligations on private…

Q: The incidence of a tax: - refers to who writes the check to the government.   - is a measure of the…

A: In Economics, incidence of tax explains which party ultimately bears the burden of tax. It expalins…

Q: The marginal tax rate is equal to :the change in the tax payment divided by the change in income.…

A: Taxes are the legal proceedings that are applied and imposed by a country’s government over the…

Q: When the government finances its purchases with a non distortionary tax a.The budget set is…

A: Non-distortionary tax refers to such tax where there is a fixed amount which is to be paid whatever…

Q: Consider the five reform proposals suggested by the authors in this special topic. Indicate why you…

A: One explanation for the health downside of the united states relative to different high-earnings…

Q: A regressive tax is a tax for which people with lower incomes Group of answer choices pay a lower…

A: Mainly there are 3 types of taxes which are imposed by the government. These are proportional taxes,…

Q: Which of the following is related to the issue public finance? * Public finance deals both fiscal…

A: The study of the government's role in the economy is known as public finance. It is a discipline of…

Q: Under federalism, some powers such as taxation, lawmaking or education policy might be devolved to…

A: Federalism is defined as the decentralization of powers at the various levels.

Q: Suppose that a tax is placed on a particular good. If the consumers pay a higher share of the tax,…

A: Elasticity measures the responsiveness of quantity to changes in price level

Q: A tax in a supply and demand model will: O Transfer surplus from the government to consumers. O…

A:

Q: What is meant by limited and bundled choice when voting on a bill or candidate

A: Introduction Bundling is a term used to describe how candidates for elected office are selected.…

Q: The concept that people should pay taxes based on the benefits they receive from government services…

A: The taxes are the legal proceedings that are paid by the citizens of the country for the services…

Q: Government policy concerning its spending and taxation is called Multiple Choice the quantity theory…

A: There are two types of policies, fiscal policy and monetary policy.

Q: A country is using a proportional tax when Group of answer choices its marginal tax rate equals its…

A: In a market, a government has alternative ways to impose taxes on the participants. The government…

Q: proportional tax, sometimes referred to as a flat tax, is a kind of income tax wherein all taxpayers…

A: Proportional tax is that the taxing mechanism within which the taxing authority charges constant…

Q: A proportional tax is a tax for which people with lower incomes   Group of answer choices A. pay a…

A: Answer: Correct option: (A) Explanation: A proportional tax is called a flat tax because here the…

Q: Research about unitary vs federal type of governm

A: In a country there is an authority that works for the betterment of the people and the economy. This…

Q: Suppose the government increases spending on public education by $700 million and individual…

A: Government spending is the total amount spend on the public sector to acquire the products and…