Indicate whether each the following statements about taxes is true or false. a. The incidence of a tax is determined by which group (buyers or sellers) must write the check to the government. O True O False

Which of the following predictions is consistent with public choice theory?   a.  Voters always cast votes based on hard facts, not based on whether they like a candidate's personality.     b.  Legislation enacted is rarely a result of special interest legislation.     c.  Many voters will be uninformed on political and government issues.     d.  Voters always cast votes based on whether they like a candidate's personality, not on hard facts.

Differentiate between primary benefit and secondary benefit?

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Because workers tend to work more when their after-tax wage increases, the government can increase tax revenue by cutting taxes. O True O False

a. What is tax policy b. Why do policy makers place much premium on taxation c. Explain the dimensions by which taxes can be classified

Why are taxes not necessarily a bad policy from a welfare perspective? Because... a. What matters is the consumer surplus not the producer surplus b. It may reduce the consumption of 'bads" c. Socialism is better than capitalism d. Taxes increase competition