Categorize each of the following funding schemes as examples of the benefits principle or the ability-to-pay principle. Benefits Principle Scheme The government funds fire protection expenses using property taxes. College students pay tuition to attend public college. A highway trust fund collects a federal fuel tax to pay for road construction and other surface transportation projects. Ability-to-Pay Principle O

Categorize each of the following funding schemes as examples of the benefits principle or the ability-to-pay principle. Benefits Principle Scheme The government funds fire protection expenses using property taxes. College students pay tuition to attend public college. A highway trust fund collects a federal fuel tax to pay for road construction and other surface transportation projects. Ability-to-Pay Principle O

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 3.11P

See similar textbooks

Similar questions

17. Identify the type of government policies promoting innovation and social benefit represented by the following scenarios: A. Subsidies B. Taxation C. Research and Development D. Neither 1. Communication Research Inc. applies for a federal grant to support projects in fiber optics ✓2. The federal government gives million to a research firm to help cover cost ✓3. The federal government provides National Defense 24. A pharmaceutical company receives a tax break to pursue research projects
BN10.2 Classify each of the following as a rival or nonrival good and as an exclusive or nonexclusive good. a. Clothing b. Cable television c. Congested non-toll road
a. An Inpatient mental health hospital wants to estimate the effect of the new a. product on its budget. b. The state Medicald program wants to estimate the effect of the new product on its budget. C. The governor of your state wants to estimate the effect of the new product on the state budget. 3. Based on the following costs from a retrospective analysis, what is the 2019 value for the three alternatives using a medical consumer price index (MCPI) inflation rate of 2.5% per year? Year Alternative 1 cost (Php) Alternative 2 cost (Php) Alternative 3 cost (Php) 2016 | 12,000 2017 32,000 2018 32,000 2019 18,000 | 17,000 | 17,000 28,000 |30,000 20,000 21,000 21,000 | 21,000 discount ate, what is the 2020 present value of the costs of the three alternatives
Calculate the property tax rate required to meet the budgetary demands of the community. Note: When calculating budgetary demands, always round up. (Round your answers to two decimal places.) Community Total AssessedProperty Valuation Total TaxesRequired Property Tax Rate Percent Per $100(in $) Per $1,000(in $) Mills Morningside $659,000,000 $32,400,000 % $ $
7. The freerider problem can be overcome by public service announce- ments or campaigns attempting to convince people that contributing is better for them. TRUE AND FALSE QUESTION
The state of Alabama has legally earmarked around 85 percent of its state budget. This means that: a. In the annual appropriation process, members of the state legislature typically earmark particular locations in which spending will occur, thereby preventing administrative discretion in how appropriated funds get used. b. 85 percent of the money received for the state budget is allocated to particular uses in permanent law and is not subject to annual allocation by the legislature c. Individuals may receive benefits from the state if they meet criteria established in the earmarking legislation d. 85 percent of the budget is legally under control of the state legislature
1. Each of the following are steps the federal government can take to meet its Social Security obligations EXCEPT: Group of answer choices a. Raise income tax rates. b. Raise Social Security tax rates. c. Cut capital gains taxes. d. Cut Social Security benefits. e. Cut federal government discretionary spending.
Discuss the role of government in allocating health care costs which financed by taxes revenue
Question Arrange the following revenues in the federal government, from greatest to least. (1 being the greatest, 6 being the least.) Column A 1. 2. 3. 4. 5. 6. Individual Income Taxes Social Security and Medicare Taxes Corporate Income Taxes Excise Taxes Miscellaneous Revenue Customs Duties Column B a. 4 Select the three correct answers. O a Medicare and Medicaid Ob military and defense Uc state and local governments. Ud Federal Bureau of Investigation De education and transportation A f Social Security b. 2 c. 5 d. 1 e. 6 f. 3 Questio Which items are part of mandatory spending in the federal government?
95. Homeowners a. benefit from several loopholes. b. must pay tax on the “income” of living in a house. c. have no particular advantages in the tax system. d. are subject to double taxation.
What are the implications of a municipality overspending their allocated budget
Which type of grant is usually better at increasing the quantity spent on public goods? a.conditional block grants b.block grants c.all are equivalent d.matching grants