Rosen Finance Seventh Edition English Edition with Exercises and Answers Chap012Test Bank to accompany Rosen’s Public Finance Seventh Edition Chapter 12 CHAPTER 12 - Taxation and Income Distribution M

high will likely experience a) a higher tax burden on labor than on capital. b) a higher tax burden on capital than on labor. c) equal tax burdens on labor and capital. d) no tax burden at all. 10. A tax on luxury goods will likely be a) progressive. b) regressive. c) proportional. d) neutral.

Answers: 1. c 2. d 3. b 4. b 5. e 6. d 7. b 8. a 9. b 10. a