Question 1

Real rates of return are

Accepted Answer

A)  not taxed. 
B)  not adjusted for inflation. 
C)  adjusted for inflation. 
D)  used in individual financing and not corporate financing. 
A)  not taxed. 
B)  not adjusted for inflation. 
C)  adjusted for inflation. 
D)  used in individual financing and not corporate financing.

Question 2

An income effect

Accepted Answer

A)  is measured as the change in prices over time. 
B)  is not possible when people are unemployed. 
C)  requires interest rates to remain constant. 
D)  is the change in the quantity demand due to the fact that real income changes when prices change. 
A)  is measured as the change in prices over time. 
B)  is not possible when people are unemployed. 
C)  requires interest rates to remain constant. 
D)  is the change in the quantity demand due to the fact that real income changes when prices change.

Question 3

Taxing savings will cause people to save more.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 4

Social savings is

Accepted Answer

A)  just another way of defining security. 
B)  the sum of government and private savings. 
C)  government savings only. 
D)  defined by higher rates of interest for the government. 
A)  just another way of defining security. 
B)  the sum of government and private savings. 
C)  government savings only. 
D)  defined by higher rates of interest for the government.

Question 5

The personal income tax excludes the imputed rent from owner-occupied housing from taxation.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 6

An intertemporal budget constraint

Accepted Answer

A)  requires an endowment point. 
B)  requires time to remain constant. 
C)  has no endowment point. 
D)  requires time to move in a loop. 
A)  requires an endowment point. 
B)  requires time to remain constant. 
C)  has no endowment point. 
D)  requires time to move in a loop.

Question 7

Human capital is

Accepted Answer

A)  how firms use more humans than machines in the production process. 
B)  the accumulation of investments that make people more productive. 
C)  more costly than other forms of capital. 
D)  none of these answer options are correct. 
A)  how firms use more humans than machines in the production process. 
B)  the accumulation of investments that make people more productive. 
C)  more costly than other forms of capital. 
D)  none of these answer options are correct.

Question 8

Increasing wage rates will result in more hours worked.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Real rates of return are

An income effect

Taxing savings will cause people to save more.

Social savings is

The personal income tax excludes the imputed rent from owner-occupied housing from taxation.

An intertemporal budget constraint

Human capital is

Increasing wage rates will result in more hours worked.

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters

Exam 18: Personal Taxation and Behavior

Real rates of return are

An income effect

Taxing savings will cause people to save more.

Social savings is

The personal income tax excludes the imputed rent from owner-occupied housing from taxation.

An intertemporal budget constraint

Human capital is

Increasing wage rates will result in more hours worked.

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters