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

Author Question: Which of the following illustrates the principle of second best? (Read 51 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Apr 19, 2019

Question 1

The presence of externalities favors ________ and the presence of other distortionary taxes favors ________.


◦ nonneutral taxes; nonneutral taxes
◦ neutral taxes; nonneutral taxes
◦ nonneutral taxes; neutral taxes
◦ neutral taxes; neutral taxes

Question 2

Which of the following illustrates the principle of second best?


◦ The government imposes taxes on cigarettes and the tax revenue collected is used to pay for health care.
◦ The government decides to impose taxes on all automobiles rather than imposing a tax only on luxury automobiles.
◦ The government imposes a tax on a meat processing plant that equals the cost of cleaning the lake damaged by the waste discharged into the lake by the meat processor.
◦ A tax imposed on land, because this tax distorts economic decisions less than taxes on other factors of production.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by xroflmao on Apr 19, 2019

SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


xroflmao

  • Hero Member
  • *****
  • Posts: 515
Reply #2 on: Apr 19, 2019
Thanks


SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an
Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow
Applying the FITT Principle to Each Exercise Component of Health-Related Physical Fitness Applying the FITT Principle to Each Exercise Component of Health-Related Physical Fitness
Diagram illustrates how the dimensions of masculinity and femininity Diagram illustrates how the dimensions of masculinity and femininity
Physics - Pressure, Density, Pascal's Principle Physics - Pressure, Density, Pascal's Principle
Because the factor h on the right side of the Heisenberg uncertainty principle has units of ... Because the factor h on the right side of the Heisenberg uncertainty principle has units of ...
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library