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- Which is wrong? EXPLAIN a. The government should tax itself. b. The government can tax itself. c. The power to tax includes the power to exempt d. Taxation is essentially a legislative function.Tax incidence refers to ? A. the average tax rate. B.how much revenue a tax generates. C.the extent to which a tax is proportional. D. who bears the burden of a tax.How a tax burden is divided between consumers and producers is called tax incidence. Consumers bear most of the tax burden when:
- Tax incidence usually falls A. only on producers. B. on both consumers and producers. C. only on consumers. D. on the government.Is the tax imposed on cigarettes a progressive, proportional, or a regressive form of taxation? Why? What are some other examples of this type of tax?some economists have argued that corporate taxes should be eliminated and only individuals should be taxed. explain.
- Assume the government imposes a $2.00 tax on a good that costs $5.00. If the price buyers pay increases to $6.50 and the price sellers receive decreases to $4.50, who bears the greater burden of the tax? a. sellers b. buyers c. neither, the burden is split evenlyIf the Government imposes a tax of $6 per burrito, what will be the total government tax revenue?What is the equilibrium P* and Q* before the imposition of the tax?