Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 12, Problem 12SQ
To determine
The case of the families earning an income between $10,000 and $40,000.
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All of the following are sources of inequality in the distribution of personal income EXCEPT
a. progressive income taxes
b. discrimination in employment
c. differences in personal motivation
d. differences in educational level attained
e. differences in abilities
Cities and towns mainly rely for revenue on
a.
excise taxes.
b.
income taxes.
c.
payroll taxes.
d.
property taxes.
Official data may overstate the extent of poverty because
a.
it overstates the taxes paid by the poor.
b.
it overestimates the amount the poor earn in the “underground economy.”
c.
it does not add “in-kind” transfers to the incomes of the poor.
d.
poverty is a relative concept as opposed to an absolute concept.
Match the term and the definition:
flat tax
Places heavier burden on poor than on rich
as your income increases, the percentage that you pay increases
A.
Progressive taxes
B.
Proportional taxes
C.
Regressive taxes
Chapter 12 Solutions
Micro Economics For Today
Ch. 12.2 - Prob. 1YTECh. 12.2 - Prob. 2YTECh. 12.5 - Prob. 1.1YTECh. 12.5 - Prob. 2.1YTECh. 12 - Prob. 1SQPCh. 12 - Suppose each family in the United States earned an...Ch. 12 - Prob. 3SQPCh. 12 - Prob. 4SQPCh. 12 - Prob. 5SQPCh. 12 - Prob. 6SQP
Ch. 12 - Prob. 7SQPCh. 12 - Prob. 8SQPCh. 12 - Prob. 9SQPCh. 12 - Prob. 10SQPCh. 12 - Prob. 11SQPCh. 12 - Prob. 1SQCh. 12 - Prob. 2SQCh. 12 - Prob. 3SQCh. 12 - Prob. 4SQCh. 12 - Prob. 5SQCh. 12 - Prob. 6SQCh. 12 - Prob. 7SQCh. 12 - Prob. 8SQCh. 12 - Prob. 9SQCh. 12 - Prob. 10SQCh. 12 - Prob. 11SQCh. 12 - Prob. 12SQCh. 12 - Prob. 13SQCh. 12 - Prob. 14SQCh. 12 - Prob. 15SQCh. 12 - Prob. 16SQCh. 12 - Prob. 17SQCh. 12 - Prob. 18SQCh. 12 - Prob. 19SQCh. 12 - Prob. 20SQ
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Similar questions
- Describe how each of these changes is likely to affect poverty and inequality: Incomes rise for low-income and high-income workers, but rise more for the high-income earners. Incomes fall for low-income and high-income workers, but fall more for high-income earners.arrow_forwardA group of 10 people have the following annual incomes: 55,000,30,000,15,000,20,000,35,000,80,000,40,000,45,000,30,000,50,000. Calculate the share of total income each quintile of this income distribution received. Do the top and bottom quintile s in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution for 2005?arrow_forwardRefer to the diagram. If line (c) represents the pretax and transfer distribution of income in the United States, the post-tax and transfer distribution is best represented by Multiple Choice line (a). line (b). line (c) because taxes and transfers have no effect on income distribution. line (d).arrow_forward
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