ECO 203 – Flashcards

the deadweight loss resulting from levying a tax on an economic activity is...

an effective minimum wage...

which of the following explains why managers of government agencies have little incentive to achieve operational efficiency?

which of the following is true regarding government expenditures in the united states?

the major categories of federal government spending are

economic theory indicates the behavior of

according to the economic way of thinking, personal benefits and costs influence the actions of

in a representative democracy, government actions results from the

which of the following is a distinguishing characteristic of a user charge

a local government operates a city recreation center with a pool and tennis courts. he center is financed through $50 annual membership fees. this type of financing is an exa,pale of a

in which case is the political process most likely to result in the acceptance of efficient projects and rejection of inefficient projects?

as both the budget and regulatory powers of government grow, public choice analysis indicates that individuals and groups will find it in their interest to

public choice theory suggests that politicians will most likely to favor redistribution of income from

which of the following is true?

economics indicates that government funding of special interest projects and favoritism of some business firms relative to others will lead to

an analysis of market failure and government failure indicates

economic theory leads us to expect that typical voter will be uninformed on many issues because

public choice theory suggests that politicians will be most likely to favor redistribution of income from

in which case is the political process most likely to result in the acceptance of productive programs and rejection of unproductive political activities?

public choice analysis indicates that

despite many differences, the market and public sectors are similar in which one of the following respects?

senator spendall is able to use his position on an important committee to set aside government funding specifically for a new bridge in his hometown. this is an example of

government decisions tend to be biased towards actions that have

which of the following is true?

the administrative, enforcement, and compliance costs of collecting taxes in the united states sum to

the private sector cost of tax revenues is equal to the

in 1980, the top 1 percents of earners paid 19.1 percents of federal personal income tax. by 2008, the share of this tax collected from the top 1 percent of earners

as government becomes larger and larger as a share of the economy. economic growth is likely to decline because

which percentage of americans age 18 and over paid personal income taxes in 2009?

the 18th century scottish philospher alexander titler argued that democracy

I. sales taxes, income taxes, property taxes, and grants from high levels of government are major sources of state and local revenue in the united states II. including both the excess burden and administration, enforcement, and compliance costs of taxes in the united states, $1 in taxes to the government imposes a cost of somewhere between $1.20 and $1.30 on the economy

one dollar of tax revenue ends up costing citizens in the economy

compared to 1980, the top marginal federal income tax rate today is

which of the following countries had the highest level of government expenditures as a share of GDP in 2007?

occurs when an comic activity has either a spillover cost or spillover benefit on a bystander