Review Test Submission: Quiz 6 Course Public Finance Test Quiz 6

Instructions This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 11. The second 15 questions cover the material in Chapter 12. Be sure you are in the correct Chapter when you take the quiz.

Question 1

Housing construction is generally believed to be an industry of constant costs. In the long run, which of the following is true if a 10 per square foot tax on housing construction is collected directly from builders? Answer

Selected Answer:

The tax will be fully shifted to buyers of new construction. Correct Answer:

The tax will be fully shifted to buyers of new construction.

Question 2 2 out of 2 points

Which of the following is true about a...