PUBLIC FINANCE 2

Which of the following best characterizes the academic year for which the 'PUBLIC FINANCE - PUBLIC REVENUES - INTRODUCTION' material is prepared, as indicated on the title page?

• Academic year 2023/2024
• Academic year 2024/2025
• Academic year 2025/2026
• Academic year 2022/2023

The historical window tax in England (1696-1851) was revised in 1825. What was the change in the number of windows that triggered the tax imposition after this revision?

• From six to four windows
• From six to eight windows
• From eight to six windows
• From four to eight windows

Which of the following statements most accurately reflects the concept of "vertical equity" as a property of a "good" tax?

• Taxpayers in the same economic situation should be taxed at the same rate.
• Taxes should not distort economic decisions, and welfare loss should be minimal.
• Taxpayers in different economic situations should pay different taxes.
• The tax should bring sufficient funds necessary for the functioning of government.

According to the properties of a "good" tax, what is the primary objective of "effectiveness"?

• To minimize administrative effort in tax collection.
• To ensure that taxpayers in different economic situations pay different taxes.
• To bring sufficient funds necessary for the functioning of general government.
• To prevent distortion of economic decisions and minimize welfare loss.

Which of the following is classified as a "non-tax revenue" source according to the Public Revenues section?

• Consumption taxes
• Payroll and workforce taxes
• Social security contributions
• Property taxes

Which of the following is explicitly categorized under "Tax revenues" in the Public Revenues section?

• Tariffs
• Penalties
• Taxes on income and profits
• Interest payments

A tax is described as "one-sided." What does this characteristic imply about the nature of the tax?

• It is a compulsory payment to the general government sector.
• It is not given back to a taxpayer if paid correctly.
• It does not result from an agreement between a taxpayer and a tax authority.
• It is not matched with spending on a specific area.

The definition of tax includes the characteristic "non-refundable." What is the implication of this characteristic?

• Tax is not an in-kind transfer.
• Paying a tax does not give a right to obtain specific goods/services.
• If a tax is paid correctly, it is not given back to a taxpayer.
• The revenues from taxes are not matched with spending on a specific area.

What is the "fiscal" aim of imposing tariffs, as described in the text?

• To protect domestic producers from international competition.
• To support infant industries.
• To prevent export of scarce goods.
• To collect extra revenues.

What is a "non-fiscal" aim of imposing tariffs?

• To generate additional government income.
• To prevent the re-importation of goods.
• To protect domestic producers from international competition.
• To balance trade deficits.