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Author Question: The tax revenue that is generated by a government tax is counted towards total welfare. Indicate ... (Read 225 times)

Pineapplelove6

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on: Jul 1, 2018
The tax revenue that is generated by a government tax is counted towards total welfare.
 
  Indicate whether the statement is true or false

Question 2

A per unit subsidy increases both consumer and producer surplus, but results in a deadweight loss.
 
  Indicate whether the statement is true or false


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enass

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Reply #1 on: Jul 1, 2018
Answer to Question 1

True . The tax will benefit either producers or consumers or both, but will also generate a dead weight loss in total welfare.

Answer to Question 2

True . The government expenditure more than offset the gains to consumer and producer surplus resulting in a deadweight loss.


Pineapplelove6

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

LVPMS

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Reply 3 on: Yesterday
:D TYSM

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