Corrective taxes differ from most taxes in that corrective taxes
a. reduce economic efficiency.
b. do not raise revenue for the government.
c. do not cause deadweight losses.
d. always result in a high burden on sellers of goods to which the corrective tax applies.
c
Economics
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If the deficit is 0.02 times GDP, the existing debt—GDP ratio is 0.5, and the growth rate of nominal GDP is 0.03, then the change in the debt—GDP ratio is
A) +0.05 B) +0.025. C) 0. D) -0.025.
Economics
Everything else held constant, if a factor increases the demand for ________ goods relative to ________ goods, the domestic currency will appreciate
A) foreign; domestic B) foreign; foreign C) domestic; domestic D) domestic; foreign
Economics