Examine of taxation is complex and the issues you should, Ask an Expert

Economics

7. Examine of taxation is complex and the issues you should address when looking at taxes are: the revenue increased, the equity of tax, and the efficiency of the tax.

a. What is the importance of these three areas?

b. Give an example of a tax that does not meet these requirements and one that does.

8. What is a transfer program? Give an example of a transfer program.

9. What is a market failure? Why does a market failure occur? Give an example of a market failure in your answer.

10. What is a planned economy? Give examples of the benefits and downfalls to a planned economy.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9311147

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