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

Author Question: What is the advantage of the government imposing an ad valorem tax over a specific tax when facing a ... (Read 60 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
What is the advantage of the government imposing an ad valorem tax over a specific tax when facing a monopoly?
 
  What will be an ideal response?

Question 2

In 1950 there were 16 individuals contributing to Social Security for every one person collecting benefits.
 
  a. True b. False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Answer to Question 1

When comparing an ad valorem tax to a specific tax which generates the same revenue, the ad valorem tax is less distortionary, resulting in a smaller DWL.

Answer to Question 2

a




altibaby

  • Member
  • Posts: 562
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library