1)If the government wants to raise tax revenue with the least economic inefficiency, it should tax goods that consumers consider to be ; but this is considered a tax.
a)Necessities; more equitableb)Luxuries; more equitablec)Normal; less equitabled)Inferior; more equitablee)Necessities; less equitable
2)The burden of tax:
3)When economists refer to a tax wedge, they are referring to:
4)A progressive tax is one in which: