Which of the following is a normative statement * If a sin tax is imposed on cigarettes and alcohol, consumers will carry more of the tax burden Sin tax should be imposed because cigarettes and alcohol are bad for the health
Which of the following is a normative statement * If a sin tax is imposed on cigarettes and alcohol, consumers will carry more of the tax burden Sin tax should be imposed because cigarettes and alcohol are bad for the health
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter1: The Economic Approach
Section: Chapter Questions
Problem 11CQ
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Question
Which of the following is a normative statement *
If a sin tax is imposed on cigarettes and alcohol, consumers will carry more of the tax burden
Sin tax should be imposed because cigarettes and alcohol are bad for the health
The future revenues of the proposed sin tax rate are lower than the policy goal
A and B
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