QUESTION 22The value of land (as distinct from human improvements to landi is created by nature and society. In adoltion, the supply of land is perfectly inelastic. I am a strong advocate of raising taxes on land and other natural resourcee, but also reducing taxes on humanimprovements (eg. buildings). Which of the feloning statements about shiting taxes from buidrgs to land is FALSE?-The supply of buildings would increase, especially where land values are highNone of the land lax inerease woud be pased on to reriersThe tax shilt would reduce speculation in landThe tax shift would create a dead weight loss of economic surplusThe tax ehift should reduce urban sprawl

Here, it is given that the land will be taxed, but if it becomes a building, it will not be taxed,…

QUESTION 22 The value of land (as diannot trom human improvements to landi is oreated by nature and sodiety. In adolion, the supply of land is perfectiy inelastio. Iam a strong advooate of raising taxes on land and other natural resourcee, but also reducing tax improvemernts (eg. buldingn). Which of the folkowing statements about siting taxes from buidrgs to land is FALSE? on human The supply of buidrgs woud increase, eupecialy where land values are high None of the land tax inorease woud be pased on to reriers The tax shit would reduce speoulation in land The tax sit would create a dead weight los of ecoromic surplus The tax ohit should reduce urban aprawl

QUESTION 22 The value of land (as diannot trom human improvements to landi is oreated by nature and sodiety. In adolion, the supply of land is perfectiy inelastio. Iam a strong advooate of raising taxes on land and other natural resourcee, but also reducing tax improvemernts (eg. buldingn). Which of the folkowing statements about siting taxes from buidrgs to land is FALSE? on human The supply of buidrgs woud increase, eupecialy where land values are high None of the land tax inorease woud be pased on to reriers The tax shit would reduce speoulation in land The tax sit would create a dead weight los of ecoromic surplus The tax ohit should reduce urban aprawl

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter18: Public Economy

Section: Chapter Questions

Problem 20CTQ: To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that...

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