Question • Question 1 A payment from the government to a federal employee is a

02 Jun Question • Question 1 A payment from the government to a federal employee is a

Question
• Question 1

A payment from the government to a federal employee is a

• Question 2

An increase in government borrowing will cause which of the following?

• Question 3

The gasoline tax is often used to illustrate the benefits received principle of taxation because

• Question 4

An efficient level of government expenditures is that level at which

• Question 5

A cash payment from the government to an individual, based on need, is an example of a

• Question 6

At the federal level, the largest revenue generating tax is the

• Question 7

Which of the following is the major tax source of the federal government?

• Question 8

The ability to pay principle of taxation suggests that people with more income should pay more taxes. This means that

• Question 9

A national crime lab used to prevent criminal activity nationwide is an example of a

• Question 10

The single most important source of tax revenue for the local governments in the United States is the

• Question 11

A tax that is shifted forward is a tax that falls on

• Question 12

Proportional tax rates mean that the ratio of tax collection to income

• Question 13

Assuming negative externalities in production, the type of government action that could bring about an efficient level of production would be

• Question 14

Characteristics of public goods and services include which of the following?

• Question 15

A tax that is shifted backward is a tax that falls on

• Question 16

As originally designed, Social Security was to be financed as a

• Question 17

If your insurance company agrees to pay a fixed fee for you to receive a given treatment (for example, $5,000 for an appendectomy), the company is using which of the following?

• Question 18

If people choose to work more hours because the Social Security tax reduces their real wage, their behavior is dominated by the

• Question 19

If I spend more each year because I know that I will receive Social Security payments when I retire, I am exhibiting which of the following effects?

• Question 20

If a program’s benefits are funded out of current payments, it is which type of system?

• Question 21

If people choose to work fewer hours because the Social Security tax reduces their real wage, their behavior is dominated by the

• Question 22

Part C of the Medicare program (Medicare + Choice)

• Question 23

The Medicare Modernization Act, passed in 2003, established

• Question 24

The largest social insurance program in the United States is

• Question 25

The payment and delivery of health care service under a managed care system is based on

• Question 26

If I put extra into a savings account so that I can leave assets to my children to compensate them for their payments into the Social Security system, I am exhibiting which of the following effects?

• Question 27

The most significant factor that threatens the financial stability of the Social Security system is the

• Question 28

The Medicare program

• Question 29

Part A of the Medicare program (Hospital Insurance) is financed primarily by

• Question 30

The most simple and direct way to postpone the looming Social Security financial crisis is to