This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Other things being equal, the less elastic demand is: a. the lower the deadweight loss is resulting ... (Read 64 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
Other things being equal, the less elastic demand is:
 a. the lower the deadweight loss is resulting from the imposition of a given tax on a product.
  b. the greater the burden is of the tax borne by consumers.
 c. the greater the tax revenue collected by the government is.
 d. all of the above

Question 2

To what extent should monetary policy be used to fine-tune the economy?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

As a fine-tuning strategy, it is unlikely to be effective; there are too many other variables in the marketplace, and our predictive models are not that accurate for forecasting the future of the economy.


Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
:D TYSM

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Transition from the lower to the upper limbs with compression over the drape. Apply compression with ... Transition from the lower to the upper limbs with compression over the drape. Apply compression with ...
Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ... Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ...
Taxonomy of all living things Taxonomy of all living things
Maintaining Weight Loss Maintaining Weight Loss
If we make the substitution z=sqrt(x) to ∫sqrt(1-sqrt(x)) dx, the resulting integral is If we make the substitution z=sqrt(x) to ∫sqrt(1-sqrt(x)) dx, the resulting integral is
Creating a loss-of-function CFTR Creating a loss-of-function CFTR
Video: Neuron Type Animation

For a complete list of videos, visit our video library