In the Wealth of Nations, Adam Smith stated that tax should be:

Group of answer choices

flexible

equitable

based on net income

based on gross income

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Question 2

1pts

Using the income level of the person paying the tax as the measure, the substitution of a sales tax for a property tax would be replacing a regressive tax with atax.

Group of answer choices

ability to pay

progressive

proportional

regressive

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Question 3

1pts

Eminent domain:

Group of answer choices

is a police power

is a private land-use control

does not require the payment of just compensation

allows government to acquire private property

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Question 4

1pts

Which property owner is least able to shift a property tax increase to others?

Group of answer choices

store owner

home owner

apartment owner

office owner

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Question 5

1pts

Zoning is:

Group of answer choices

a planning tool

division of land into districts

a land use control

all of the above

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Question 6

1pts

Private land-use controls include:

Group of answer choices

economic highest and best use and private deed restriction

building codes

zoning

all of the above

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Question 7

1pts

Higher property taxes can cause:

Group of answer choices

more intensive land uses

more efficient use of land

solves environmental problems

increases value of existing improvements

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Question 8

1pts

Inclusionary zoning is a type of regulation that:

Group of answer choices

private land-use control

promotes larger houses

helps promote affordable housing

enforces integration

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Question 9

1pts

The trend for public land use controls seems to be:

Group of answer choices

increasing

not an issue

on the decline

neutral

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Question 10

1pts

A progressive tax:

Group of answer choices

declines in rate over time

remains the same no matter what

decreases in rate as the value of the taxable item increases

increases in rate as the value of the taxable item increases