Author Question: What do economists mean when they use the phrase excess burden as it relates to taxes? What will ... (Read 141 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
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
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
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

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?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

For a complete list of videos, visit our video library