ECO 450 ECO450 ECO/450 ENTIRE COURSE HELP – STRAYER UNIVERSITY

Question 1

According to the Harberger model of the incidence of the corporate income tax, the tax:

Question 2

Under the corporation income tax in the United States,

Question 3

Accelerated depreciation allows corporations to:

Question 4

If corporations maximize profits, the short-run incidence of a tax on its profits will be borne by:

Question 5

The tax base for the corporate income tax in the United States is:

Question 6

The double taxation of dividends under U.S. tax code means:

Question 7

If an all-equity firm has after-tax income of $100,000 based on a 34% income tax, what is the after-tax income of an equivalent firm that pays $15,000 in interest that is tax deductible?

Question 8

If interest on corporate debt is tax deductible, a firm’s return on equity increases because:

Question 9

Assuming that the supply of savings is perfectly inelastic, the corporate income tax prevents the attainment of efficiency by:

Question 10

If the supply of savings is not perfectly elastic, the corporate income tax is likely to:

Question 11

In the long run a corporate income tax that initially reduces the return to investment in the corpo­rate sector will also:

Question 12

If corporations maximize profit, a corporate income tax:

Question 13

Assuming that corporations maximize profits and investors seek to maximize the return to their investments, the long-run impact of a corporate income tax is to:

Question 14

The effective tax rate is:

Question 15

Which of the following is true about the economic effects of the corporate income tax?

Question 16

In most states, the retail sales tax can be regarded as equivalent to a:

Question 17

The differential incidence of substituting a tax on comprehensive consumption for a tax on compre­hensive income is likely to be:

Question 18

Suppose two individuals earn the same salary each year over their lifetimes. One individual saves 25 percent of his income each year, while the other saves nothing. Over their lifetimes under a comprehensive income tax,

Question 19

The value-added tax used in the European Union:

Question 20

Consumption-in-kind:

Question 21

As administered in most states in the United States, the retail sales tax:

Question 22

Comprehensive consumption is:

Question 23

A flat-rate tax on comprehensive consumption:

Question 24

Which of the following taxes is likely to be most favorable for capital accumulation?

Question 25

The invoice method of collecting the value-added tax:

Question 26

Which of the following statements about taxes on consumption are true?

Question 27

A consumption-type, value-added tax:

Question 28

An adult’s life cycle is considered to begin:

Question 29

Assuming that a person never receives any cash gifts or bequests, a tax on comprehensive con­sumption is equivalent to a(n):

Question 30

A tax on comprehensive consumption

ECO 450 ECO450 ECO/450 ENTIRE COURSE HELP – STRAYER UNIVERSITY

Question 1

3 out of 3 points

A worker earns $2,000 per month before taxes. He pays $140 per month payroll tax on those wages. In addition, the income taxes on those wages are $360 per month. On retirement, the worker receives a Social Security pension of $750 per month. Which of the following statements is true?

Answer

Question 2

3 out of 3 points

The Social Security Act was implemented in the United States in:

Answer

Question 3

3 out of 3 points

The gross replacement rate:

Answer

Question 4

Social Security tax rates can be reduced if:

Answer

Question 5

The Social Security retirement system:

Answer

Question 6

The induced-retirement effect of the Social Security pension system induces workers to:

Answer

Question 7

Which of the following is true about the Medicare program in the United States?

Answer

Question 8

The percent of total health care costs in the United States paid for by governments is approximately:

Answer

Question 9

The government program that provides the health insurance to the poor in the United States is called:

Answer

Question 10

Under national health insurance as operated in Great Britain,

Answer

Question 11

Most of the medical bills of Americans in the United States are paid by:

Answer

Question 12

What is the moral hazard associated with third party payment for health services?

Answer

Question 13

A proportional income tax has an average tax rate that:

Answer

Question 14

A tax on real estate is a:

Answer

Question 15

If the average tax rate under a progressive tax rate structure is 35%, a possible marginal tax rate is:

Answer

Question 16

3 out of 3 points

A 5-percent retail sales tax on all consumer purchases in a state is imposed. The sales tax is:

Answer

Question 17

Taxes:

Answer

Question 18

Which of the following countries has the highest average tax rate relative to GDP?

Answer

Question 19

The efficiency-loss ratio relative to tax is:

Answer

Question 20

If a lump-sum tax is imposed, the slope of the new budget line relative to the budget line prior to the tax:

Answer

Question 21

3 out of 3 points

Viewed from origin a price distorting tax creates a new budget line with a ______ slope relative to the budget line without the tax.

Answer

Question 22

A $0.30 per unit tax is imposed on a good that reduces the quantity supplied and demanded by 1000 units. What is the deadweight loss (ignore price elasticities)?

Answer

Question 23

Other things being equal, the more inelastic the demand for a taxed good,

Answer

Question 24

The supply of new cars is perfectly elastic. A $400 per car tax is levied on buyers. As a result of the tax,

Answer

Question 25

3 out of 3 points

The federal government, its agencies, and the Federal Reserve System:

Answer

Question 26

The National Income and Product Accounts budget balance reflects:

Answer

Question 27

The total dollar value of the federal debt outstanding is:

Answer

Question 28

The debt of state and local governments is mostly:

Answer

Question 29

If the federal government runs a surplus consistently, then which of the following is likely to occur?

Answer

Question 30

An increase in government borrowing has no effect on the willingness of citizens to save or on the demand for credit. Increased borrowing to cover deficits will therefore:

Answer