PublicGoodsAndIncomeDistributionAssignmentHandout.rtf -...

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Public Goods and Income Distribution 1. Select a good or service not mentioned in the module content or videos that you believe is non- excludable. Explain how the item is non-excludable. Would the item also be considered non- rival? Explain. Given your analysis of the item, would this item be considered a public good? Why or why not? 2. Identify the two basic principles of taxation. Which seeks to limit the “free rider” problem? How? 3. Looking at the data below, identify the type of tax (proportional, progressive, or regressive) for each scenario. Scenario A Scenario B Scenario C Income Tax Paid Income Tax Paid Income Tax Paid $10,000 $800 $10,000 $1,000 $10,000 $1,000 $20,000 $2,400 $20,000 $1,600 $20,000

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