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1.A progressive tax: A. takes a smaller share of the income of high-income taxpayers than of low-income taxpayers. B. has no deadweight loss. C. takes a larger share of the income of high-income taxpayers than of low-income taxpayers. D. takes the same share of the income of high-income taxpayers as it does of low-income taxpayers. 2.When the government imposes an excise tax, the deadweight loss is caused by: A. be greater than the tax revenue paid to the government. B. C. D. B. prevention of transactions because of the cost of the tax. 3 The incidence of a tax: C. be less than the tax revenue paid to the government. A. is a measure of the revenue the government receives from it. D. equal the tax revenue paid to the government. refers to who writes the check to the government. is a measure of the deadweight loss from the tax. refers to how much of the tax is actually paid by consumers and producers.

1.A progressive tax: A. takes a smaller share of the income of high-income taxpayers than of low-income taxpayers. B. has no deadweight loss. C. takes a larger share of the income of high-income taxpayers than of low-income taxpayers. D. takes the same share of the income of high-income taxpayers as it does of low-income taxpayers. 2.When the government imposes an excise tax, the deadweight loss is caused by: A. be greater than the tax revenue paid to the government. B. C. D. B. prevention of transactions because of the cost of the tax. 3 The incidence of a tax: C. be less than the tax revenue paid to the government. A. is a measure of the revenue the government receives from it. D. equal the tax revenue paid to the government. refers to who writes the check to the government. is a measure of the deadweight loss from the tax. refers to how much of the tax is actually paid by consumers and producers.

Principles of Economics, 7th Edition (MindTap Course List)
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter8: Application: The Cost Of Taxation
Section: Chapter Questions
Problem 3QCMC
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1.A progressive tax: A. takes a smaller share of the income of high-income taxpayers than of low-income taxpayers. B. has no deadweight loss. C. takes a larger share of the income of high-income taxpayers than of low-income taxpayers. D. takes the same share of the income of high-income taxpayers as it does of low-income taxpayers. 2.When the government imposes an excise tax, the deadweight loss is caused by: A. be greater than the tax revenue paid to the government. B. C. D. A. B. 3 The incidence of a tax: C. prevention of transactions because of the cost of the tax. D. be less than the tax revenue paid to the government. equal the tax revenue paid to the government. is a measure of the revenue the government receives from it. refers to who writes the check to the government. is a measure of the deadweight loss from the tax. refers to how much of the tax is actually paid by consumers and producers.
Transcribed Image Text:1.A progressive tax: A. takes a smaller share of the income of high-income taxpayers than of low-income taxpayers. B. has no deadweight loss. C. takes a larger share of the income of high-income taxpayers than of low-income taxpayers. D. takes the same share of the income of high-income taxpayers as it does of low-income taxpayers. 2.When the government imposes an excise tax, the deadweight loss is caused by: A. be greater than the tax revenue paid to the government. B. C. D. A. B. 3 The incidence of a tax: C. prevention of transactions because of the cost of the tax. D. be less than the tax revenue paid to the government. equal the tax revenue paid to the government. is a measure of the revenue the government receives from it. refers to who writes the check to the government. is a measure of the deadweight loss from the tax. refers to how much of the tax is actually paid by consumers and producers.
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