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

Author Question: The excess burden of a tax is: a. the amount by which the price of a good increases. b. the loss ... (Read 55 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne
Because of the high physical activity and the amount of energy expended by the brains of 2- to ... Because of the high physical activity and the amount of energy expended by the brains of 2- to ...
Kyo and jitsu-concept of energy deficiency and excess from shiatsu. Kyo and jitsu-concept of energy deficiency and excess from shiatsu.
Loud Music and Hearing Loss Loud Music and Hearing Loss
Converting enzyme activity to its amount Converting enzyme activity to its amount
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library