Author Question: Taxes impact incentives to use resources since they distort relative prices. Indicate whether the ... (Read 26 times)

altibaby · **on:** Jun 30, 2018

Taxes impact incentives to use resources since they distort relative prices.

Indicate whether the statement is true or false

Question 2

With regard to the question What were the lives of those who died in the Civil War (18611865) worth? Hughes and Cain (2011) conclude that

(a) there is no way to answer this question because people have infinite worth.
(b) an estimate can be made by calculating the value of the loss of human capital.
(c) the worth was close to zero because of the surplus of population that existed at the time.
(d) the worth of Northern lives lost was greater because the Northerners were fighting against
the evils of slavery.