How much does it cost to tax a dollar of revenue away from the private sector and transfer it to the government in order to bail out a specific industry?
A) One dollar
B) Less than one dollar because the administration of and compliance with the tax ?laws creates jobs for people
C) Less than a dollar because of the excess burden resulting from the elimination of ?productive exchanges by the taxes
D) More than a dollar because collection of the taxes requires resources that would otherwise ?be available for private sector production
Correct Answer:
Verified
Q23: The 1990s and 1920s have which of
Q24: Inflation leads to bracket creep,which forces taxpayers
Q25: The term "stagflation" refers to an economy
Q26: The U.S.economy remains subject to frequent boom
Q27: All of the following were important structural
Q29: The techniques of regulation used in the
Q30: Bracket creep forces taxpayers to pay a
Q31: Government controls over industry
A) limit overall net
Q32: What was/were the most enduring legacy/legacies of
Q33: The government played a central role in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents