Problem #2 – Evaluate the following two statements. Do you agree? Why or why not?a. “A tax that has no deadweight loss cannot raise any revenue for the government.”b. “A tax that raises no revenue for the government cannot have any dead weight loss.”

Essentials of Economics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter8: Application: The Cost Of Taxation
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Problem #2 – Evaluate the following two statements. Do you agree? Why or why not?a. “A tax that has no deadweight loss cannot raise any revenue for the government.”b. “A tax that raises no revenue for the government cannot have any dead weight loss.”

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