Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 9, Problem 5P
To determine
To identify if gas tax is known as reflecting ability-to-pay or benefit-received principle.
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Why does taxation create an excess burden?
What is the equity principle behind benefit-based excise taxes?
Why is taxation considered as the strongest among the three inherent powers of the State?
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- What is pigovian tax. Explain in detail.arrow_forwardIn today’s societies, we pay several different types of taxes. Take a moment to consider all the different kinds of taxes you paid last week. You might have paid sales tax on items you bought or had income come out of your paycheck. To complete the Discussion activity, write a post that answers the following questions: Name three types of taxes and analyze the deadweight loss of each.arrow_forwardWhen a good is taxed, the side of the market with fewer good alternatives cannot easily leave the market and thus bears more of the burden of the tax. Select one: a.True b.Falsearrow_forward
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