Answer False Topic State and local finance Learning Identify

Answer false topic state and local finance learning

  • University of Sharjah
  • ECON 302
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Answer: FalseTopic: State and local finance Learning Objective: 19-01: Identify the main categories of government spending and the main sources of government revenue.Difficulty: 1 EasyBloom’s: Level 1 Remember AACSB: Analytic [Question]133. The basic source of state government's revenue is the property tax.Answer: FalseTopic: State and local finance Learning Objective: 19-01: Identify the main categories of government spending and the main sources of government revenue.Difficulty: 1 EasyBloom’s: Level 1 Remember AACSB: Analytic [Question]134. The major expenditure of local governments is for education.Answer: TrueTopic: State and local finance Learning Objective: 19-01: Identify the main categories of government spending and the main sources of government revenue.Difficulty: 1 EasyBloom’s: Level 1 RememberAACSB: Analytic [Question]135. A tax is progressive if the average tax rate rises as income increases.Answer: TrueTopic: Federal finance
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Chapter 019 Public Finance: Expenditures and TaxesLearning Objective: 19-01: Identify the main categories of government spending and the main sources of government revenue.Difficulty: 1 EasyBloom’s: Level 1 Remember AACSB: Analytic[Question]136. If you pay a $2000 tax on $10,000 of taxable income and a $4000 tax on a taxable income of $16,000, the tax is progressive.Answer: TrueTopic: Federal financeLearning Objective: 19-04: Demonstrate how the distribution of income between rich and poor is affected by government taxes, transfers, and spending.Difficulty: 2 MediumBloom’s: Level 3 ApplyAACSB: Analytic [Question]137. The marginal tax rate is the tax rate that applies to additional income.Answer: TrueTopic: Federal financeLearning Objective: 19-01: Identify the main categories of government spending and the main sources of government revenue.Difficulty: 1 EasyBloom’s: Level 1 Remember AACSB: Analytic [Question]138. About two-thirds of all Federal spending is for national defense.Answer: FalseTopic: Federal financeLearning Objective: 19-01: Identify the main categories of government spending and the main sources of government revenue.Difficulty: 1 EasyBloom’s: Level 1 Remember AACSB: Analytic [Question]139. A progressive tax takes relatively more from the rich than it does from the poor.Answer: TrueTopic: Federal financeLearning Objective: 19-04: Demonstrate how the distribution of income between rich and poor is affected by government taxes, transfers, and spending.Difficulty: 2 MediumBloom’s: Level 2 UnderstandAACSB: Reflective Thinking
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Chapter 019 Public Finance: Expenditures and Taxes[Question] 140. The benefits-received principle of taxation is used to support corporate and personal income taxes.Answer: FalseTopic: Apportioning the tax burdenLearning Objective: 19-02: Summarize the different philosophies regarding the distribution of a nation’s tax burden.
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