Multiple Choice
If the main purpose of a tax is to decrease the amount of a harmful activity,such as underage drinking,the government should impose it on harmful activities whose supply is _____ and demand is _____.
A) elastic;elastic
B) inelastic;inelastic
C) elastic;inelastic
D) inelastic;elastic
Correct Answer:

Verified
Correct Answer:
Verified
Q5: A tax system achieves efficiency when:<br>A)the right
Q6: Use the following to answer question: <img
Q7: When the government imposes an excise tax,the
Q8: If personal income up to and including
Q9: FICA taxes are considered to be:<br>A)proportional.<br>B)progressive.<br>C)flat.<br>D)regressive.
Q11: The deadweight loss from an excise tax
Q12: Since the terrorist attacks of September 11,2001,the
Q13: If demand for a good is perfectly
Q14: _ taxes are paid on wages.<br>A)Income<br>B)Profits<br>C)Property<br>D)Sales
Q15: Tax incidence analysis seeks to determine:<br>A)who sends