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

Author Question: The tax revenue that is generated by a government tax is counted towards total welfare. Indicate ... (Read 173 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

enass

  • Sr. Member
  • ****
  • Posts: 380
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

  • Member
  • Posts: 560
Reply 2 on: Jul 1, 2018
Excellent

JCABRERA33

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

« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Gene-expression analysis generated from expression DNA microarrays Gene-expression analysis generated from expression DNA microarrays
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library