Question 1
With respect to the corporate taxation of a monopolist, the capital owners bear most of the burden of the tax.
◦ true
◦ false
Question 2
Excess burden is the
◦ ultimate distribution of a tax.
◦ shifting of the tax from one burden to another.
◦ amount by which the burden of a tax exceeds the total revenue collected.
◦ differential impact the tax has on high-and low-income groups.