« previous next »

Author Question: What do economists mean when they use the phrase excess burden as it relates to taxes? What will ... (Read 140 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?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The
Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi
Chris Burden, Shoot. Chris Burden, Shoot.
Chris Burden, Urban Light. Chris Burden, Urban Light.
The pressure valve maintains the system pressure and allows excess pressure to vent. The vacuum ... The pressure valve maintains the system pressure and allows excess pressure to vent. The vacuum ...
Kyo and jitsu-concept of energy deficiency and excess from shiatsu. Kyo and jitsu-concept of energy deficiency and excess from shiatsu.
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library