The theory of consumer choice provides a more complete understanding of supply, just as the theory of the competitive firm provides a more complete understanding of demand.

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: following is not regarded as part of fiscal policy Select one: a. Increased taxation b. Decreased…

A: Fiscal policy is a policy through which a government, in turn, adjusts its rates of taxation and…

Q: 1. Consider a static economy. There are neither government spending nor taxes. The total amount of…

A: The perfect competition represents a market structure where competition is at its greatest possible…

Q: What does the research and experimentation tax credit do? Group of answer choices A)Generates…

A: Answer: Research and experimentation tax credit: this tax credit can be claimed by the taxpaying…

Q: Assume that the federal government replaces the federal income tax with a national sales tax on all…

A: A federal income tax is the tax system where the incomes of individuals, firms, other companies are…

Q: Which curve shifts and in which direction when the following events occur in the tax accounting…

A: a) Answer:- Demand increases. Explanation:- On tax day, ever more individual are going to look to…

Q: Find the equilibrium Price and output of the following function: 13P-Qs=27 Qd+4P-24=0 Suppose the…

A: In a market, tax is one of the factors that will affect the market equilibrium and generally lead to…

Q: True or False   1.Budgeting for the government is far more complicated, the federal government has…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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: Suppose that the government tends to maximize the tax revenue. How would the cannabis price drop…

A: As you have asked multiple questions, only the first question will be answered. Revenue refers to…

Q: 10. Critical analysis Q11 Marginal tax rates were cut substantially during the 1980s, and although…

A: Declining the marginal rates from 1980s & the increasing of the rates in the 1990s, but that…

Q: Question 1 Which of the following economic policies is more Expansionary: O An increase in both…

A: Expansionary economic policy is an economic policy in which the government tends to increase 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: 2. Government functions For each of the following scenarios involving the U.S. government, determine…

A: Here, the primary function of the Government needs to be determined in the following two scenarios.

Q: Due to Covid -19 and fall in the National Income, the government of India reduced subsidies for…

A: The subsidy is given to a farmer as help by the government to produce more quantity of output,…

Q: Question 5 A function g(z) is strictly increasing if g'(z) > 0 on its domain. Assume the supply and…

A: Given information Qs=S(P)--- quantity supplied is the function of P Qd=D(P+T,Y)---quantity demanded…

Q: Which of the following is classified as Fiscal Policy? Select one: a. Changes in taxes and…

A: Fiscal policy is basically the Federal Government's taxation and expenditure decisions as they…

Q: A law is passed requiring owners of real property in Thailand to pay real property tax in the…

A: A law is passed requiring owners of real property in Thailand to pay real property tax in the…

Q: Which of the following is an example of a direct tax? Check all that apply. A tax placed directly on…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: lease refer to the description of a tax on a market, represented by the graphic  How much tax…

A: Given the market where equilibrium is achieved where demand is equal to supply. At price of 6 $,…

Q: Under D1 condition, what is the change in price after the sales tax has been imposed? * Your answer…

A: The markets are the places where the buyers, and sellers meet, and interact with each other. The…

Q: (a) Carefully explain and illustrate the effect of this decrease in economic activity on the money…

A: General consumption tax is a tax charged by the government from the consumers on the imported goods…

Q: The public welfare spending category for state and local governments includes many programs that are…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: QUESTION 4 When government imposes taxes on the buyers O then the demand curve will shift to the…

A: Since you have asked two questions simultaneously that's why I am giving you the answer of only one.…

Q: Explain why a city that has a low price elasticity of supply in the housing market, like Detroit,…

A: Supply refers to the amount of a particular product or service that suppliers are willing to offer…

Q: Due to good weather, there is an increase in the demand for the good.  the new demand equation is Qd…

A: A quota refers to a production constraint, in which the government or a central authority fixes a…

Q: Question 2 The last several decades has seen a significant amount of human capital entering…

A: The following problem has been answered as follows:

Q: During a national emergency, the government issues coupons for the right to purchase goods 1 and 2:…

A: Suppose the unit prices of goods 1 and 2 in money are p1 = $3 and p2 = $1. Monetary Income = $120.…

Q: Question 33 Do buyers or sellers bear more of the burden of this tax? Group of answer choices…

A: With tax of $6 per unit, quantity sold in market is 20.

Q: Suppose in Fiscalville there is no tax on the first $10,000 of income, but a 20 percent tax on…

A: 0−10,000 = No tax    10,000 − 20,000 = 20%    20,000 − 30,000 = 30 %    > 30,000  = 40%

Q: Question 3 To the extent that special-interest groups engage in rent seeking, they are guilty of tax…

A: 3. A special-interest group is a group of people that works for the common concern and tries to…

Q: Which one of the following statements regarding fiscal policy and the budget is correct? (a) When…

A: Economic fluctuations tend to affect an economy by bringing about changes in the GDP and output…

Q: Q.1.5 Which one of the following statements regarding fiscal policy and the budget is correct?(a)…

A: Part a) When the government plans to stimulate economic activity, it can increase spending or reduce…

Q: Due to good weather, there is an increase in the demand for the goods. the new demand is Qd=190-2p.…

A: Producer Surplus refers to the difference between the price at which a producer is willing to supply…

Q: lease refer to the description of a tax on a market, represented by the graphic  What is the price…

A: Given the market where equilibrium is achieved where demand is equal to supply. At price of 6 $,…

Q: Please refer to the description of a tax on a market, represented by the graphic What is the price…

A: Market equilibrium is that condition where market Demand is equal to market supply. After imposing…

Q: (Government Revenue) What are the sources of government revenue in the United States? Which types of…

A: sources of revenue for the Government of the United States of America through taxation are:-…

Q: Two of the primary purposes of taxes are to fund the government and mitigate the negative effects of…

A: Taxes are described as a type of obligatory charge levied by a country's government on its…