TRUE AACSB Analytic Accessibility Keyboard Navigation Blooms Remember

True aacsb analytic accessibility keyboard navigation

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TRUEAACSB: AnalyticAccessibility: Keyboard NavigationBlooms: RememberDifficulty: 1 EasyLearning Objective: 18-06 Summarize the different philosophies regarding the distribution of a nations tax burden.Learning Objective: 18-08 Discuss the probable incidence of U.S. taxes and how the distribution of income between rich and poor is affected by government taxes; transfers; and spending.McConnell - Chapter 18 #143Topic: Apportioning the tax burdenTopic: Probable incidence of U.S. taxes144.Given supply, the more inelastic the demand for a product, the larger the portion of an excise tax that is shifted to consumers. TRUEAACSB: Reflective ThinkingAccessibility: Keyboard NavigationBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 18-07 Explain the principles relating to tax shifting; tax incidence; and the efficiency losses caused by taxes.McConnell - Chapter 18 #144Topic: Tax incidence and efficiency loss145.Given demand, the more inelastic the supply of a product, the larger the portion of an excise tax that is borne by producers. TRUEAACSB: Reflective ThinkingAccessibility: Keyboard NavigationBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 18-07 Explain the principles relating to tax shifting; tax incidence; and the efficiency losses caused by taxes.McConnell - Chapter 18 #145Topic: Tax incidence and efficiency loss
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146.The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. FALSEAACSB: AnalyticAccessibility: Keyboard NavigationBlooms: RememberDifficulty: 1 EasyLearning Objective: 18-07 Explain the principles relating to tax shifting; tax incidence; and the efficiency losses caused by taxes.McConnell - Chapter 18 #146Topic: Tax incidence and efficiency loss147.The greater the elasticity of demand and supply, the greater is the efficiency loss of a tax. TRUEAACSB: Reflective ThinkingAccessibility: Keyboard NavigationBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 18-07 Explain the principles relating to tax shifting; tax incidence; and the efficiency losses caused by taxes.McConnell - Chapter 18 #147Topic: Tax incidence and efficiency loss148.Economists agree that corporations always shift the corporate income tax to consumers by raising product prices. FALSEAACSB: Reflective ThinkingAccessibility: Keyboard NavigationBlooms: RememberDifficulty: 1 EasyLearning Objective: 18-06 Summarize the different philosophies regarding the distribution of a nations tax burden.Learning Objective: 18-08 Discuss the probable incidence of U.S. taxes and how the distribution of income between rich and poor is affected by government taxes; transfers; and spending.McConnell - Chapter 18 #148Topic: Apportioning the tax burdenTopic: Probable incidence of U.S. taxes149.Although state and local taxes are highly progressive, federal taxation is predominantly regressive.
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