How do taxes differ from prices? What are the major alternatives to taxes as sources of government finance? How does a progressive rate structure differ from a proportional rate structure?
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Q21: A proportional income tax has an average
Q22: A payroll tax taxes a worker's wages
Q23: An excise tax is a:
A)general consumption tax.
B)selective
Q24: A tax on real estate is a:
A)general
Q25: Tax avoidance is a:
A)means of tax evasion.
B)means
Q27: A 5-percent retail sales tax on all
Q28: Taxes are likely to affect:
A)market equilibrium.
B)political equilibrium.
C)the
Q29: A bridge becomes congested after 100 vehicles
Q30: If the marginal tax rate is 20
Q31: Which of the following countries has the
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