When a tax is imposed,some of the lost surplus becomes tax revenues and the rest is transferred to:
A) consumers.
B) producers.
C) recipients of government services.
D) No one benefits from that lost surplus.
Correct Answer:
Verified
Q25: How much deadweight loss a tax causes
Q26: Considering a given increase in price due
Q27: An example of a lump-sum tax is:
A)income
Q29: In order to minimize deadweight loss generated
Q31: If the primary goal in implementing a
Q32: Lump-sum taxes reduce the total amount of
Q33: When a tax is imposed, the surplus
Q35: A lump-sum tax is:
A)a tax that charges
Q36: Considering a given increase in price due
Q43: In the real world,lump-sum taxes are:
A) perceived
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