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Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817 Exercise 4
One unsettling consequence of setting a tax on tobacco sufficiently high to reduce consumption would be
A) it would likely reduce Medicare costs.
B) it would likely increase tobacco revenues to farmers.
C) it would likely increase tobacco company profits.
D) it would make Social Security's financial outlook worse.
A) it would likely reduce Medicare costs.
B) it would likely increase tobacco revenues to farmers.
C) it would likely increase tobacco company profits.
D) it would make Social Security's financial outlook worse.
Explanation
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When high tax is charged on tobacco then...
Issues in Economics Today 7th Edition by Robert Guell
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