Chapter 1, Problem 4BD

One example of moral hazard in finance industry is "insurance policies often decreases incentive to take care of possession of its customers". How should people mitigate this problem?

Is it right to avoid taxes as much as you can?

Tax evasion is defined as a willful attempt to defraud the government. What are some examples of an attempt to commit fraud?  In many cases, there is a fine line between tax avoidance and tax evasion. In a situation where the distinction between the two is not clear, professional judgment must be used. Other tools can also be used. What tools can be used to distinguish between tax avoidance and tax evasion?

Please give me answers I will give you like sure Please include references: Justify the use of taxpayer resources to correct externalities and other market failures..

Give some examples of rationalizations that people have used to excuse fraud. Can you imagine using them?

If our taxes only go to fake sand or corruption, why do we have to pay taxes?

Write a short reflection on taxes, who should carry the burden and who benefits from it?

Which explanation BEST describes John Maynard Keynes' "The Paradox of Thrift?" a. Individuals should reduce spending to cut debt. b. When an individual reduces her or his own spending, he or she reduces someone else's revenue. C. Individuals should borrow money during uncertain economic times. d. Individuals should only borrow money when times are good.

Having inaccurate financial statements that can harm society would correspond with the ethical perspective of distributive justice. Discuss