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Suppose the State of New York Refused to Abide by the Supreme

question 40

Multiple Choice

Suppose the State of New York refused to abide by the Supreme Court's decision in McDonald v. Chicago (2010) and put in place a highly restrictive handgun ban. What recourse would the Supreme Court have to stop New York from implementing this law?


Definitions:

Lump-Sum Tax

A tax that is a fixed amount, not dependent on the taxpayer's income level or economic transactions.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is achievable but is not achieved.

Vertical Equity

The principle that taxpayers with higher incomes should pay more in taxes than those with lower incomes.

Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, indicating the percentage of additional income that is paid in tax.

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