« previous next »

Author Question: What do economists mean when they use the phrase excess burden as it relates to taxes? What will ... (Read 154 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?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Giraffe bending down to drink. The animal's rete mirabile prevents excess blood flow to the bra Giraffe bending down to drink. The animal's rete mirabile prevents excess blood flow to the bra
Chris Burden, Shoot. Chris Burden, Shoot.
The oceans continue to absorb most of the excess energy trapped by greenhouse gases The oceans continue to absorb most of the excess energy trapped by greenhouse gases
When 1.50 mol of CH4(g) reacts with excess Cl2(g) at constant pressure according to the ... When 1.50 mol of CH4(g) reacts with excess Cl2(g) at constant pressure according to the ...
How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ... How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ...
The following information relates to the Cutting Department of Kittina Corporation for the ... The following information relates to the Cutting Department of Kittina Corporation for the ...
Video: Monohybrid crosses

For a complete list of videos, visit our video library