Analysis of taxation, Examine of taxation is complex and

Analysis of taxation

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Reference no: EM1375844

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.

Reference no: EM1375844

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