The efficiency-loss ratio relative to tax is:
A) the deadweight loss less the tax revenue.
B) the deadweight loss divided by the tax revenue reduced by one.
C) the excess burden divided by the tax revenue.
D) none of these are correct.
Correct Answer:
Verified
Q20: A payroll tax results in a difference
Q21: If the price elasticity of supply of
Q22: Other things being equal, the more inelastic
Q23: Which of the following is true about
Q24: Currently, a 10 cent per gallon tax
Q26: Housing construction is generally believed to be
Q27: The demand for medical care is very
Q28: Most studies show that the price elasticity
Q29: The elasticity of supply of land is
Q30: Differential tax incidence measures the effect:
A)that a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents