Author Question: In the above table, which tax plan is regressive? A) only plan A B) only plan B C) only plan C ... (Read 162 times)

bio_gurl · **on:** Jun 29, 2018

In the above table, which tax plan is regressive?

A) only plan A
B) only plan B
C) only plan C
D) both plan A and plan C

Question 2

When the marginal social benefit of Good A is greater than the marginal private benefit of Good A, then

A) competitive, unregulated markets will produce a quantity of Good A that is less than the efficient quantity.
B) competitive, unregulated markets will produce the quantity of Good A that is equal to the efficient quantity.
C) competitive, unregulated markets will produce a quantity of Good A that is greater than the efficient quantity.
D) the government should levy a tax on the production of Good A that is equal to the horizontal distance between the two marginal cost curves.