« previous next »

Author Question: What do economists mean when they use the phrase excess burden as it relates to taxes? What will ... (Read 150 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
What do economists mean when they use the phrase excess burden as it relates to taxes?
 
  What will be an ideal response?

Question 2

Contractionary monetary policy and expansionary fiscal policy both reduce net exports in an open economy.
 
  Indicate whether the statement is true or false


wuly

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

Excess burden is the amount by which the burden of a tax exceeds the total revenue collected. It is also referred to as a dead weight loss.

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The human body produces and destroys 15 million blood cells every second.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Medicinal leeches on a patient’s neck. Today leeches are sometimes used in microsurgery to prevent b Medicinal leeches on a patient’s neck. Today leeches are sometimes used in microsurgery to prevent b
Chris Burden, Shoot. Chris Burden, Shoot.
Kyo and jitsu-concept of energy deficiency and excess from shiatsu. Kyo and jitsu-concept of energy deficiency and excess from shiatsu.
The oceans continue to absorb most of the excess energy trapped by greenhouse gases The oceans continue to absorb most of the excess energy trapped by greenhouse gases
How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ... How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ...
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library