Set 4

In this case, rhinos are best categorized as

common pool resources.
The overhunting of rhinos is an example of

the tragedy of the commons
One possible economic solution to the overhunting of rhinos is to __________.

allow private conservation organizations to purchase the rhinos and their habitat.
The primary types of tax systems are ___________
- -regressive tax systems
- - proportional tax systems.
- - progressive tax systems.
An example of a progressive tax is the __________.

income tax
An example of a regressive tax is the ___________.

social security tax
An example of a proportional tax is the ___________.

medicare tax
Amanda pays no tax because she has no income. If they all live in a country that has a progressive income tax, which will be higher: the tax that Ben pays or the sum of the taxes Cathy and Dylan pay?

The tax that Ben pays because high-income individuals pay higher income taxes.
Amanda and Ben will pay the same tax as Cathy and Dylan because ____________.

the couples have the same family income.
Is the income tax in this country marriage neutral?

No, because Cathy and Dylan pay higher taxes when married than before marriage.
In an attempt to help the poor, Do you think this is a possibility? Explain your answer.

Yes, it might hurt the poor by creating a shortage.

Author

dwrght16

330207

Card Set

Set 4

Description

exam 3

Updated

2017-04-08T02:08:48Z

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