1.7. Senator Daniel Patrick Moynihan once introduced a bill that would levy a 10,000 percent tax on...

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1.7. Senator Daniel Patrick Moynihan once introduced a bill that would levy a 10,000 percent tax on certain hollowtipped bullets.

a. Do you expect that this tax would raise much revenue? Why or why not?

b. Even if the tax would raise no revenue, what might be Senator Moynihan’s reason for proposing it?

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Principles Of Economics

ISBN: 9780324168624

3rd Edition

Authors: N. Gregory Mankiw

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Question Posted: Nov 05, 2024 02:00 AM

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1.7. Senator Daniel Patrick Moynihan once introduced a bill that would levy a 10,000 percent tax on...

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Principles Of Economics

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