Why is deadweight loss disagreed on by experts? Explain.

Q: What is progressive tax? Write its merits and demerits.

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: discuss double taxation that is good for 2 minutes.

A:

Q: How much government revenue will be generated by the excise tax?

A: Revenue refers to the amount of money generated from selling a good or services. Government…

Q: Explain how tax size and elasticity of demand/supply affect the size of tax revenue and social…

A: Elasticity of demand: It the measurement  of the percentage change in the quantity demanded of a…

Q: The personal income and payroll taxes are already too high. I think business should share A larger…

A: Big firms or corporates are powerful players in the market that tends to affect the market prices in…

Q: To answer Questions #1 and #2, refer to the following diagram, which shows the monthly cigarette…

A: The tax is the mandatory unilateral payment which is made by the public towards the government for…

Q: Explain the meaning of economic and juridical double taxation by also giving two examples.

A: Taxation is imposed by the government on income and products to earn revenue. The term 'double…

Q: Consider an ad-valorem tax on a good X. The Demand for good X is constant elasticity with elasticity…

A: The elasticity of demand(Ed) measures the responsiveness of quantity(Q) demanded to a change in…

Q: What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples…

A: Tax incidence is an economic term for the distribution of tax burden between producers and sellers.…

Q: Refer to Figure 1. The deadweight loss from the $20 tax per unit is a. $200 b. $400 $100 $800 C. d.

A: Dead weight loss is the net welfare loss due to the Government intervention.  The dead weight loss…

Q: Explain the role of taxation in reducing excess demand?

A: An Excess demand relates to a situation in which the aggregate supply is less than the aggregate…

Q: Explain in no less than 4 sentences why Taxation is called the Lifeblood if the Government/State.

A: The charges that are being levied by the government on individuals are known as taxes. They are…

Q: How do governments use spending and taxation to reduce inequality and poverty in an economy?

A: Being in poverty is the condition of not having enough money or material belongings for oneself or…

Q: Name three types of taxes and analyze the deadweight loss of each.

A: Taxes are the legal proceedings and the amount of money which is levied on the consumers, producers,…

Q: Why do you think we should use taxation as a redistribution tool in a country?

A: Meaning of Equality and Efficiency: The term efficiency refers to the situation when an economic…

Q: What are the two aspects of taxation? Explain each. (Please include the references

A: Taxation refers to levying of tax by a government authority. It is done to raise tax revenue. The…

Q: What are the pros and cons of generating revenue through the taxation of gambling, casinos and…

A: Taxation refers to the process of levying and collecting taxes by a government from individuals,…

Q: From an international perspective, examine the taxation principles of an individual’s personal tax.

A: Capacity to pay:- The capacity-to-pay concept holds that taxes should be based on a person's ability…

Q: A head tax is a tax that collects the same amount from every tax payer, while in progressive taxes…

A: A head tax, also known as poll tax or capitation, levies a predetermined amount on every person who…

Q: Worldwide Versus Territorial. What is the difference between the worldwide and territorial…

A: One of the main motives of taxes is redistribution. The taxes are said to be regressive when it…

Q: Social Security and Medicare taxes are the Payroll Tax.    True

A: The Social Security and Medicare taxes are the Payroll Tax.

Q: How can the relative levels of taxes impact relationships between states? For instance, what is…

A: As we know tax is one of the major sources of government income, which the government spends on…

Q: If the government decide to increase taxes on sugar, who do you think will carry the burden of…

A: The equilibrium price and quantity of a good or service is determined by the forces of market demand…

Q: Identify the author of "The principles of Political Economy and Taxation"

A: The author of the book “The principles of political economy and taxation” is David Ricardo. It was…

Q: Suppose that the government wants to tax wealthy people. They notice that only wealthy people buy…

A: The given tax on Yachts is an example of a luxury tax. A luxury tax is a tax that is imposed on the…

Q: Name three types of taxes and analyze the deadweight loss of each.

A: Tax is cash that must be paid to the state by individuals. Tax payments were intended to provide for…

Q: Supply of a good is more elastic than the demand for the good. Who will bear the larger burden of…

A: Taxation refers to per unit tax imposed by the government of the country on some particular goods or…

Q: Suppose a commodity tax is legally placed on paper manufacturers. How the tax is split between the…

A: The burden of tax is shared by both consumers and producers irrespective on whom the tax is imposed.

Q: What are progressive and proportional forms of taxation? What are the Governments goals when it…

A: Progressive and proportional types of taxation are different processes to levying taxes on people or…

Q: Price $6.00 $8.00 $10.0 $4.00 $20 18 16- 14 12 10- 8 6- 4- 2 0 10 20 30 40 50 60 70 80 90 Dafter Tax…

A: The demand curve is the downward sloping curve. Supply curve is the upward sloping curve.…

Q: Figure 1 Price S+ tax 6.00 5.00 4.00 3.00 2.00 1.00 50 60 Quantity Refer to Figure 1. What is the…

A: The imposition of tax on suppliers would reduce the aggregate supply and the price of goods will…

Q: The State of Mississippi imposes a 7% sales tax on most goods and services transacted within the…

A: When an individual or a corporation pays the least amount of taxes necessary by law, they are said…

Q: The additional tax on top of the standard tax? a. surtax b. EVAT c. corporate tax d. statutory…

A: Taxes are defined as mandatory contributions which are levied on an individual or a corporation by…

Q: 1. What are the Five most common Types of Taxes? Give Examples.

A: Tax alludes to a mandatory financial charge or duty forced by an administration on people or…

Q: Is digital taxation feasible in Africa?

A: Africa has made adjustments to utilize unconventional digital means to replace every day physical…

Q: Refer to Figure 1. Government revenue from the tax of $20 per unit is $600 $400 $500 $20 a. b. C. d.

A: Equilibrium is where the demand curve intersects the supply curve.  Government revenue from tax is…

Q: Give a brief example of progressive tax system.

A: Out of the three taxes system one of these is a progressive tax system. In a progressive tax system…

Q: a. A. Ob. B. Price c. B+C+E + F. d. B+C. e. C. PB Po O I 1 כיסו C D Size of tax per unit σ w₁ 1 Qo…

A: Here we have to calculate the tax revenue paid by the buyer.Tax Revenue: The Tax revenue is…

Q: Explain EXTENSIVELY whether "Tax on Alcoholic Drinks and Tobacco Product" is pro-rich or pro-poor.…

A: Taxation is a vital repository of money for governments because it enables them to invest in public…

Q: Describe the progressive and proportional forms of taxation. What goal might the government be…

A: Taxation is the process through which the government levies and collects taxes from people,…