« previous next »

Author Question: What is a Pigovian tax? What happens to deadweight loss when a Pigovian tax is implemented? What ... (Read 90 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
What is a Pigovian tax? What happens to deadweight loss when a Pigovian tax is implemented?
 
  What will be an ideal response?

Question 2

The income elasticity of demand measures
 
  A) the income effect of a change in price.
  B) the responsiveness of quantity demanded to changes in income.
  C) how a consumer's purchasing power is affected by a change in the price of a product.
  D) the percentage change in the price of a product divided by the percentage change in consumer income.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Bigfoot1984

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

A Pigovian tax is a government tax intended to bring about an efficient level of output in the presence of externalities. A Pigovian tax eliminates deadweight loss.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne
Young adults usually grieve loss of a role, such as employment or the breakup of a relationship. Young adults usually grieve loss of a role, such as employment or the breakup of a relationship.
Mass Loss from a Supermassive Star Mass Loss from a Supermassive Star
Potential Consequences of Estrogen Loss Related to Menopause Potential Consequences of Estrogen Loss Related to Menopause
Loud Music and Hearing Loss Loud Music and Hearing Loss
An overview of the 5 types of gain, loss, or rearrangement of chromosome An overview of the 5 types of gain, loss, or rearrangement of chromosome
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library