Economists Chamberlain and Prante of the Tax Foundation note that if the U.S. population in 2004 were grouped into quintiles by income:
A. Only the top income quintile paid more in taxes than the benefits they received from government spending
B. The top two income quintiles paid more in taxes than the benefits they received from government spending
C. The top three income quintiles paid more in taxes than the benefits they received from government spending
D. Only the bottom income quintile paid less in taxes than the benefits they received from government spending
B. The top two income quintiles paid more in taxes than the benefits they received from government spending
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________ is a problem that occurs when one concludes that a change in variable X caused a change in variable Y when in actual fact, it is a change in variable Y that caused a change in variable X
A) Reverse causality B) The positive-to-negative relationship C) Nonlinear slope D) The omitted variable
A free-rider problem exists for any good that is not
a. rival in consumption. b. a private good. c. free. d. excludable.