Principles of Microeconomics
7th Edition
ISBN: 9781305156050
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 12, Problem 5PA
To determine
Merit of excluding necessary goods from taxation .
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Some states exclude necessities, such as food andclothing, from their sales tax. Other states do not.Discuss the merits of this exclusion. Consider bothefficiency and equity.
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Principles of Microeconomics
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