Public Finance and the Price System |
Contents
OVERVIEW OF PUBLIC SECTOR FISCAL | 1 |
CRITERIA FOR POLICY EVALUATION | 8 |
THE PRICE SYSTEM | 14 |
Copyright | |
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Common terms and phrases
additional allocation analysis benefit-cost billion budget line capital income cash transfer consider consumer consumption corporation income tax demand curve distribution earnings economic economists effect efficient equal equilibrium equity example excise subsidy excise tax external benefits families favor federal Figure finance fixed quantity subsidy food stamp program free rider problem higher households in-kind incentive increase indifference curve individual inefficient investment labor supply less logrolling low-income lower majority marginal benefit marginal cost marginal tax rate ment money income net wage opportunity cost output paid percent person political preferences price system produce progressive tax property taxes public choice theory purchase requirement quintile rate tax receive recipients redistribution reduce result retirement saving sector social security spending sumer supply curve Table tax burden tax revenue taxation taxpayers tion unemployment units of food voters voting wage rate welfare cost workers