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Author Question: What do economists mean when they use the phrase excess burden as it relates to taxes? What will ... (Read 122 times)

fbq8i

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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

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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


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