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._______ The government spends more than it receives.
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- 20 10 -demand - uey with ta How much revenue will the government gain if they put a $6 tax on this product? Do not write the dollar symbol ($) because that confuses the computer. Write just a number. 16Question 23 Katherine is the president of the United States. In an attempt to make gasoline prices cheaper, she has imposed a binding price ceiling on gas. What would she expect her critics to say? O The binding price ceiling will cause firms to produce only gasoline of the highest quality. O The binding price ceiling will encourage oil companies to deplete the resource too quickly. The binding price ceiling will cause firms to minimize their spending on the research and development of alternatives to gasoline. O The binding price ceiling will increase the likelihood that customers obtain needed gasoline on the black market. The binding price ceiling will discourage individuals from using their personal automobiles to commute to work or school.2. only
- Exit A 5 tax on sugar-sweetened beverages currently generates $400,000 in revenue per day. If the tax increases to 8%, the revenue the tax generates will drop to $370,000. This tells us that in this range of tax rates, the effect outweighs the effect. Multiple Choice quantity, price O quantity, Income price; quantity price, Income25- Omani government wanted to reduce the supply of high sugar drinks in the economy. As an economist, you will ask the government to _________. a. Give more subsidies to the producers of high sugar drinks b. Increase Tax on the high sugar drinks c. Decrease Tax on the high sugar drinks d. Provide access to new technology for the producers of high sugar drinks9) The following graph shows the effect of a per-ticket tax on plane tickets from Boston to Tampa. Use the graph to answer questions 5 to 10. $30 $20 $10 Price (P) of airline tickets (in dollars per ticket) How much of the per-ticket tax is paid by passengers? $40 230 200 190 2850 3000 Swith tax Sno tax D Figure 14 Image author created Quantity (Q) of airline tickets (thousands per day)
- Question 23 Why might a tax be inefficient? a It distorts behavior, causing the marginal costs to be higher than the marginal benefits b The average cost of the tax is too high. c The tax is politically infeasible. d The tax does not collect enough revenue.It's urgently plz sirWhat should the value of tax be. MC question
- Why should businesses take into account tax impacts? O a. Taxes directly affect a business's cash flow. Ob. Taxes allow the government to pay for public goods and services O. Taxes reduce the costs of a successful project O d. Taxes increase the gross profit of a business.Plz explain(7) An increase in government spending would shift the __________________________ __________________________ __________________________ to the right.
