The tax revenue that is generated by a government tax is counted towards total welfare
Indicate whether the statement is true or false
True . The tax will benefit either producers or consumers or both, but will also generate a dead weight loss in total welfare.
Economics
You might also like to view...
A differentiated product has
A) many perfect substitutes. B) no close substitutes. C) no substitutes of any kind. D) close but not perfect substitutes. E) many different complements.
Economics
A country must have absolute advantage in a good in order to have comparative advantage in that good
Indicate whether the statement is true or false
Economics