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| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1-Â Â Â Â Â Government intervention to reduce inequality might reduce growth rates because of rent-seeking behavior. This means that
a.      Landlords might raise rental rates on housing in order to pay the higher taxes that go with government wealth redistribution programs
b.     Groups who are not among the neediest might out pressure on government officials to obtain transfer of wealth
c.      People who are not home owners, but reside in rental housing, may become unmotivated and work less, reducing payments to landlords and slowing real estate markets
d.     As a large fraction of the population falls below the poverty line they are pushed out of home ownership and into rental housing, reducing the savings rate
2-Â Â Â Â Â An income tax is progressive if
a.      Lower-income households pay a large share of their income in taxes than higher-income households
b.     Most of the tax revenue is used to benefit lower-income households
c.      Higher-income households pay a larger share of their income in taxes than lower-income households
d.     Most of the tax revenue is used to benefit higher-income households
3-Â Â Â Â Â If a household earning $50,000 annually pays $10,000 in taxes while a household earning $100,000 annually pays $20,000 in taxes, then the tax system is
a.      Regressive
b.     Progressive
c.      Neither regressive nor progressive
d.     Redistributive
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