How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Chris M. Your Own Question
Chris M.
Chris M., M.S.W. Social Work
Category: Homework
Satisfied Customers: 2788
Experience:  Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
22285537
Type Your Homework Question Here...
Chris M. is online now
A new question is answered every 9 seconds

Microeconomics Exam 1. If the marginal tax rate equals

This answer was rated:

Microeconomics Exam:

1. If the marginal tax rate equals the average tax rate, the tax would be (Points : 1)
proportional.
regressive.
progressive.
uniform.



2. The tax rate structure is the ________ . (Points : 1)
measure or value upon which a tax is levied
measure of who pays the tax
study of how taxes change over time
percentage of a tax base that must be paid in taxes



3. The measure or value upon which a tax is levied is the (Points : 1)
tax base.
tax rate.
tax structure.
tax incidence.




4. Second hand cigarette smoke is an example of a(n) ________. (Points : 1)
economy of scale
externality
public good
government failure



5. Paula was born with an aptitude for learning languages. This aptitude is an example of ________. (Points : 1)
a compensating differential
human capital
property
natural capital



6. The bottom fifth of families in the income distribution receive most of their income from ________ income. (Points : 1)
labor
property
transfer
gambling



7. ________ is(are) an example of selling externality rights. (Points : 1)
Auctioning the right to buy a car each year
Direct regulation of externalities
Having the damaged party avoid the damage
Government imposed taxes and subsidies




8. The utility possibilities frontier is a graphic representation of a two-person world that shows all points at which A's utility can be ________ . (Points : 1)
increased only if B's utility is increased
decreased only if B's utility is decreased
increased only if B's utility is decreased
held constant as B's utility is either increased or decreased



9. Households derive the majority of their income from ________ . (Points : 1)
wages and salaries
property
inherited wealth
government transfers



10. Evidence suggests that in the last several decades, technology has played a role in driving inequality. Thus, ________ may be key to reducing inequality in the future. (Points : 1)
education
savings
research and development
investment
THIS ANSWER IS LOCKED!

You need to spend $3 to view this post. Add Funds to your account and buy credits.
Chris M. and other Homework Specialists are ready to help you