In addition to tax payments, the two other primary costs that a tax system inevitably imposes on taxpayers are
a. deadweight losses and administrative burdens.
b. deadweight losses and frustration with the political system.
c. administrative burdens and tax-preparation costs.
d. administrative burdens and the risk of punishment for failure to comply with tax laws.
a
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What type of statement is a descriptive statement about how the world is?
Which of the following statements is true of capital gains in the U.S.?
A. Capital gains are taxed only if they are long-term. B. Capital gains are taxed only for low-income groups. C. Capital gains are taxed on accrual. D. Capital gains are forgiven at death.
Answer the following statement(s) true (T) or false (F)
1.Whether or not people have identical tastes, the marginal entrant is indifferent about using a common property. 2. Whether or not people have identical tastes, a commonly owned property creates no social value. 3. Whether or not people have identical tastes, free entry to a common property leads to a suboptimal outcome. 4. The problem with splitting checks is that no one orders as much as they truly want to eat in order to keep the total bill low. 5. A market failure occurs when the government steps in and failingly attempts to alleviate the tragedy of the commons.
Most modern countries have prohibitions on the trading of human organs in the marketplace
What impact do you believe such laws have had on the availability of organs for patients that need them? Furthermore, which people are most likely to be able to obtain the organs that they require and why? Explain the ethical dilemma that is at work that makes the strict application of basic economic principles difficult to put into practice in cases like this.