How Much Does It Cost to Tax a Dollar of Revenue

question 418

Multiple Choice

How much does it cost to tax a dollar of revenue away from the private sector and transfer it to the government to finance a government program?

• A) one dollar
• B) less than one dollar because the administration of and compliance with the tax laws creates jobs for people
• C) more than a dollar because collection of the taxes requires resources that would otherwise be available for private sector production
• D) more than a dollar because of the excess burden resulting from the elimination of productive exchanges by the taxes
• E) Both c and d are correct.

Analyze the composition of bank deposits and how they impact reserve requirements.

Apply knowledge of banking regulations related to reserve requirements to solve problems.

Develop proficiency in performing financial calculations related to banking operations.

Understand the significance of stories, ceremonies, symbols, and rituals in organizational culture.

---

Definitions:

Professional Linguist

An expert who studies language and its structure, including the study of grammar, syntax, phonetics, and semantics.

Induction

A reasoning process that involves making generalizations based on specific examples or observations.

Venus

The second planet from the Sun, known for its bright appearance and often referred to as the "morning star" or "evening star".

Horizon

The line where the earth's surface and the sky appear to meet; metaphorically, it can also refer to the limit of a person's knowledge, experience, or interest.