Question
Economists are generally more concerned with theChoose... statutory/economic incidence of a tax whichChoose... is the change in the distribution of private real income brought about
Economists are generally more concerned with theChoose...statutory/economic
incidence of a tax whichChoose...is the change in the distribution of private real income brought about by the tax/indicates who is legally responsible for paying the tax
Under a regressive tax, theChoose...average/marginaltax rateChoose...decreases/increases/stays the same as income increases.
Which of the following is true?
a.A commodity tax can generate an excess burden even if demand for the commodity doesn't changes as a result of the tax
b.Any lump-sum tax generates an excess burden
c.
Any tax that changes relative prices does not generate an excess burden
d.
Lump-sum taxes are practical policy options
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