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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 19
Evaluate the following two statements. Do you agree? Why or why not?
a. "A tax that has no deadweight loss cannot raise any revenue for the government."
b. "A tax that raises no revenue for the government cannot have any deadweight loss."
a. "A tax that has no deadweight loss cannot raise any revenue for the government."
b. "A tax that raises no revenue for the government cannot have any deadweight loss."
Explanation
Verified
Verified
a)
Do not agree with the statement.
The...
Essentials of Economics 7th Edition by Gregory Mankiw
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