This topic contains a solution. Click here to go to the answer

Author Question: The excess burden of a tax is: a. the amount by which the price of a good increases. b. the loss ... (Read 62 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
The excess burden of a tax is:
 a. the amount by which the price of a good increases.
  b. the loss of consumer and producer surplus that is not transferred to the government.
  c. the amount by which a person's after-tax income decreases as a result of the new tax.
  d. the welfare costs to firms forced to leave the market due to an inward shift of the demand curve.

Question 2

Appendix: Winning an auction can be exhilarating, but it can also lead to doubt as to whether you did the right thing or not. This is called:
 a. The regret effect.
  b. Moral hazard.
  c. Second wind.
  d. The winner's curse.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

GCabra

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

b

Answer to Question 2

d




asmith134

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
Gracias!


emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

For a complete list of videos, visit our video library