Question
New York Senator David Patrick Moynihan once suggested imposing a tax of 10,000% on hollow-tipped bullets. (a) Do you think this policy can be successful
New York Senator David Patrick Moynihan once suggested imposing a tax of 10,000% on hollow-tipped bullets.
(a) Do you think this policy can be successful in raising tax revenue? Why or why not? Explain in no more than 3 sentences. (3 points)
(b) Why would this tax policy be proposed in a welfare economy? Explain your answer in no more than 2 sentences. (2 points)
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
