1. The ________ tax rate is the tax rate paid on any additional income earned. (Points : 1) 
average
total
marginal
proportional 


2. Excess burden is the (Points : 1) 
ultimate distribution of a tax.
shifting of the tax from one burden to another.
amount by which the burden of a tax exceeds the total revenue collected.
differential impact the tax has on high-and low-income groups.

 

3. The total amount of tax you pay divided by your total income is the (Points : 1) 
marginal tax rate.
average tax rate.
total tax rate.
proportional tax rate. 


4. Any point on the utility possibilities frontier is ________ . (Points : 1) 
inefficient because both people could be made better off simultaneously
inefficient because it is only possible to make one person better off by making the other person worse off
efficient because it is only possible to make one person better off by making the other person worse off
efficient because both people could be made better off simultaneously 

    • 8 years ago
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