enumerate five common public goods and services the government provides from the taxes we pay. Are the benefits of these public goods and services worth the taxes your parents pay? expalin.

Q: Define progressive tax.

A: A tax refers to an amount imposed on the person, commodities or any other item to earn revenue for…

Q: To achieve the optimal provision of public goods, the ect one: a. market should be allowed to arrive…

A: Public goods are meant for the benefit of society.

Q: If a Pigouvian tax is used to reduce carbon emissions, it must be set to be equal to 1. the private…

A: A Pigouvian tax is a type of government tax on any market activity that creates negative…

Q: 1) Besides raising revenue, what is the most likely goal of government that enacts a per unit tax.…

A: Hi! Thank you for the question but as per the guidelines, we answer only one question at one time.…

Q: What difficulties occur when government attempts to use Pigouvian Taxes/Subsidies to address…

A: Pigouvian taxes are theoretically the taxes to be imposed on economic activities resulting in…

Q: An efficient government subsidy provided in cases of positive production externality, is set equal…

A: Externalities refer to the benefits received, or the costs incurred by the third party who is not…

Q: S1 S2 D2 F D1 E A Quantity Refer to the provided supply and demand graph. S, and D, represent the…

A: Given that S1 and D1 are the supply curve and demand curve respectively. S2 and D2 represents the…

Q: iscuss various ways to handle property tax reform

A: Tax reform is usually carried out to increase the efficiency of tax administration. To maximise the…

Q: DIRECTION: Enumerate 5 common public goods and services government provided with the taxes we pay.…

A: Public goods are those that are non-excludable and non-rival in utilization. The public…

Q: Relatives and friends whom the consumer trusts are known as sources of external information.

A: Relative and friends sometimes act as a source of external information.

Q: Consider the diagram below which depicts a two-household community consisting of household A and…

A: Tax rate refers to the rate at which the government collects taxes from the people in the economy.…

Q: From an international perspective, examine the taxation principles of an individual’s personal tax.

A: Capacity to pay:- The capacity-to-pay concept holds that taxes should be based on a person's ability…

Q: 23 Multiple Select: Select all of the following that might be a negative consequence of using public…

A: Answer: A public good is non-rival and non-excludable in nature. One problem that arises from 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: A government decides that product X is a demerit good and product Y is a public good. Which policy…

A: "Correct answer is option d."

Q: Two examples of goods/services that are classified as private goods/services even though they are…

A: Private goods are normal commodities sold and bought in a market while public goods are produced by…

Q: one argument in favor and one against school vouchers

A: A school voucher is a government-issued certificate. It allows parents to pay for their children's…

Q: corrective (or Pigovian) tax causes deadweight loss, in the presence of a negative externality.…

A: Pigouvian Tax is imposed on market transactions, which creates negative externalities for…

Q: Analyze taxes on tobacco through the perspective of: a. a smoker b. a cigarette firm

A: In an economy, when taxes are imposed on buyers or sellers, there will be different impact due to…

Q: Calculate the effective tax rate (in percent) of people who eam an annual income of P250,000.…

A: Taxes are necessary contributions that a government entity, whether local, regional, or national,…

Q: Price elasticity of demand for cigarettes is relatively inelastic at low prices and relatively…

A: Price elasticity of demand measures the degree of responsiveness of the quantity demanded of the…

Q: A toll is a tax on citizens who use toll roads. Thispolicy can be viewed as an application ofa. the…

A: Taxation is a legal proceeding that is imposed by the government for the use of certain government…

Q: The government is considering setting up a public health program to cull birds to prevent the spread…

A: The word marginal in Economics refer to additional. Here the word "marginal social benefit" refers…

Q: Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they are: “nowhere necessaries of life”…

A: Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they is: “nowhere necessaries of life”…

Q: Would a tax on prescriptions drugs be more likely to be progressive or regressive? Why?

A: The Progressive tax is the theory in tax economics which advocates the proportional tax along with…

Q: Explain why each is or is not a pure public good. Where applicable, note instances where the good is…

A: A good is a pure public good if the good is nonrival and nonexcludable in nature.

Q: Define vertical and horizontal equity objectives of a tax system. Which one do you think is more…

A: What Is Vertical Equity?  Vertical equity is a strategy for gathering annual tax where the taxes…

Q: What is a market-failure rationale for the government investing in transportation and…

A: A market-failure rationale for the government investing in transportation and infrastructure, for…

Q: Answer the question on the basis of this table showing the marginal benefit that a particular public…

A: Over-allocation refers to the case where production and consumption are more than the optimum…

Q: When a corrective tax is created so that it equals the external costs linked to the production of a…

A: A corrective tax is an instrument used by the government to address market failure. Taxes increase…

Q: Production Costs inflicted upon a third party are negative externalities. These can be corrected b…

A: Externalities refer to the costs or benefits of an economic transaction, incurred by a third party…

Q: Is a tax that charges $100 to every citizen for garbage collection regressive, proportional, or…

A: Progressive tax is a tax that takes a larger percentage of income from high-income groups than from…

Q: Government spending on programs such as Social Security and Medicare are included under:

A: Social security and Medicare are part of Federal budget.

Q: ional ignorance in voting comes from: A. externalities that lead to an excess supply of information.…

A: Rational ignorance is forgoing getting information when the alleged expense of teaching oneself on…

Q: Two example of public property.

A: Those property which are dedicated towards the utilisation and benefits of public and has exclusive…

Q: Multiple choice question Which of the following is TRUE of median voter outcomes? a. They are…

A: Which of the following is TRUE of median voter outcomes? a. They are socially efficient. b. They are…

Q: Assume the marginal tax rate for income above $25000 has risen to 30 percent. If the tax rate for…

A: Marginal tax rate is applied in brackets of income. It is the additional tax paid out of additional…

Q: Consider the diagram below which depicts a two-household community consisting of hOusehold A and…

A: Public goods refers those goods which are non excludable and non rivalry. Private goods are…

Q: A tax on water pollution is proposed for four factories in a manufacturing town of 110,000 people.…

A: To put it another way, taxes are forced contributions placed on individuals or businesses by a…

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family…

A: A regressive tax is a tax with a high percentage of income for low-income people and a low…