tax rate is the tax rate paid on any additional income earned

1. The ________ tax rate is the tax rate paid on any additional income earned. (Points : 1)

average

total

marginal

proportional

2. Excess burden is the (Points : 1)

ultimate distribution of a tax.

shifting of the tax from one burden to another.

amount by which the burden of a tax exceeds the total revenue collected.

differential impact the tax has on high-and low-income groups.

3. The total amount of tax you pay divided by your total income is the (Points : 1)

marginal tax rate.

average tax rate.

total tax rate.

proportional tax rate.

4. Any point on the utility possibilities frontier is ________ . (Points : 1)

inefficient because both people could be made better off simultaneously

inefficient because it is only possible to make one person better off by making the other person worse off

efficient because it is only possible to make one person better off by making the other person worse off

efficient because both people could be made better off simultaneously

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