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Write true or false for the following:   a.The government modifies the taxation system sometimes to discourage spending so it  can mop up over production in the economy. b.A progressive tax system increases income inequality. c. direct tax is said to be direct tax when the impact and incidence of a tax are on one and the same person

Write true or false for the following:   a.The government modifies the taxation system sometimes to discourage spending so it  can mop up over production in the economy. b.A progressive tax system increases income inequality. c. direct tax is said to be direct tax when the impact and incidence of a tax are on one and the same person

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section: Chapter Questions
Problem 22AA
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 Write true or false for the following:

 

a.The government modifies the taxation system sometimes to discourage spending so it  can mop up over production in the economy.

b.A progressive tax system increases income inequality.

c. direct tax is said to be direct tax when the impact and incidence of a tax are on one and the same person.

      

2. Fill in the blanks with the correct terms

______is a tax where the _____ falls on one person and the _____        

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