1. A Gini coefficient of zero means that ________ . (Points : 1) the income is e

Question

1. A Gini coefficient of zero means that ________ . (Points : 1)
the income is equally distributed
one person has all the income and everyone else has nothing
all the income is received by the top 20% of families
the income is split equally between the top 20% and the rest of the distribution


3. For the efficient level of output to be produced, marginal (Points : 1)
damage cost must equal zero.
benefit must equal marginal private cost.
social cost must be zero.
benefit must equal marginal social cost.
5. The largest portion of federal government revenues comes from ________ . (Points : 1)
the individual income tax
excise taxes
social insurance payroll taxes
corporate income taxes


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

8. When the government imposes a tax on a firm that generates external costs, the tax is (Points : 1)
always borne entirely by the firm.
always borne entirely by the consumer.
usually borne by both the firm and the consumer.
borne only by the government.


9. 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

Explanation / Answer

the income is equally distributed

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