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Home Q & A Board Other Fields Homework Help Business Economics
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Alek Hsiang Alek Hsiang
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5 years ago

Question 1.

A distorting tax can improve economic welfare when other taxes that already distort decisions are present.



▸ true

▸ false

Question 2.

You own a house in Malibu, CA. During the recent downturn in the house values in the area your house's value declined by $100,000. If you do not sell your home during this period, your economic income ________ and your taxable income ________.



▸ was unchanged; fell

▸ fell; was unchanged

▸ fell; fell

▸ was unchanged; was unchanged
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Brittany08196Brittany08196
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5 years ago
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Alek H. Author
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#2
5 years ago
Helps a lot... Now I'm ready for my quiz
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