Part of the administrative burden of a tax is

a. the money people pay to the government in taxes.
b. reducing the size of the market because of the tax.
c. the hassle of filling out tax forms that is imposed on taxpayers who comply with the tax.
d. the cost of administering programs that use tax revenue.

c

Economics

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In GDP, the largest dollar amount is

a) consumer spending b) rental payment c) net exports of goods and services d) gross private domestic investment e) government purchase of goods and services

Economics

Which of the following statements is true?

A. When production of a good yields positive externalities but output is currently at the market level, then a change in output to the socially optimal level will certainly be for the worse. B. When production of a good yields negative externalities but output is currently at the market level, then a change in output to the socially optimal level will cause benefits to increase by an amount greater than costs will increase. C. When production of a good yields positive externalities but output is currently at the market level, then a change in output to the socially optimal level will cause benefits to increase by an amount less than costs will increase. D. a, b, and c E. none of the above

Economics