Other things equal, an increase in corporate income taxes will ________ the after-tax profitability of investment projects, which leads to ________ in output and employment

The Sugar Act (1764):

a. decreased the tariff that had been established by the Molasses Act. b. was designed to raise revenue for England. c. was more vigorously enforced than the Molasses Act. d. was designed to support England's mercantilist goals. e. All of the above.

A tax on a product causes a deadweight loss because: a. some consumer surplus is transferred from buyers to producers

b. some producer surplus is transferred from producers to consumers. c. some consumer and producer surplus is transferred to the government. d. it distorts the incentives of producers and consumers so that the efficient level of output is not produced.