ECONOMICS 150 Midterm Exam January 29, 2008
1. (ten points) Define the "excess burden" of a tax. The excess burden of a tax measures the degree to which the resulting losses in consumer and producer surplus exceed the revenue gain to the government.
Economics 150 Midterm Exam February 21, 2008
1. (5 points) What is the proposed tax base under a "Comprehensive Income Tax"? The proposed tax base equals the amount a household could consume in a year while holding assets unchanged from their value a
Economics 150 Midterm Exam January 23, 2003
Most U.S. States now face large budget deficits. One common reaction in the past to such budgetary pressures has been to raise "sin" taxes, such as those on alcoholic beverages. Demand Price Supply
Bottles 1) To