The threat of a large fine for failure to pay income taxes is an example of
A) the excessive power of the Internal Revenue Service.
B) the ineffectiveness of incentives to get people to pay their taxes.
C) a negative incentive to get all people to pay taxes.
D) people failing to consider all the benefits the government provides them.
Correct Answer:
Verified
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Q125: The rationality assumption says that
A) people do
Q126: People respond to incentives
A) by ignoring negative
Q127: Which of the following is a TRUE
Q128: John has a math test tomorrow. He
Q130: Which of the following is always TRUE
Q131: The assumption that individuals will not intentionally
Q132: Economists assume people behave
A) instinctively.
B) rationally.
C) irrationally.
D)
Q133: Self-interest relates to
A) only monetary objectives.
B) both
Q134: A decision made by a rational person
A)
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