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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 21
Which of the following statements about corrective taxes is NOT true?
A) Economists prefer them to command-and-control regulation.
B) They raise government revenue.
C) They cause deadweight losses.
D) They reduce the quantity sold in a market.
A) Economists prefer them to command-and-control regulation.
B) They raise government revenue.
C) They cause deadweight losses.
D) They reduce the quantity sold in a market.
Explanation
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Economists prefer corrective tax to redu...
Essentials of Economics 7th Edition by Gregory Mankiw
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