ECON 2100 Midterm: ECON 2100 Kennesaw State ECON2100 Summer2015 Exam4B Key
Document Summary
Econ 2100 (summer 2015 sections 07 & 08) The _______________________ states that the amount a person pays in taxes should be based upon how easily they can shoulder the burden of paying taxes. " . The gini-coefficient provides a quantitative measure of income equality/inequality within a society. Focusing on sources of u. s. federal government revenues, in 2009 _____ of u. s. federal. Government receipts came from the individual income tax, while _____ of u. s. federal. In a game with a finite number of players, each with a finite number of strategies, it must be that there is at least one nash equilibrium (potentially in mixed strategies ). ______________ was the first economist to argue that the problem of externalities could potentially be solved by simply internalizing the externality by clearly and completely defining property rights, and then allowing affected parties to negotiate with one another.
