If the government doubles the tax on gasoline, can you be sure that revenue from the gasoline

Question:

If the government doubles the tax on gasoline, can you be sure that revenue from the gasoline tax will rise? Can you be sure that the deadweight loss from the gasoline tax will rise? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Dec 14, 2012 06:52 AM

See More Questions

When you read a graph, how can you be sure that the visual impression you are receiving is an accurate reflection of reality? Please explain.
How can you be sure that accounting income number can be useful (in terms of research)?
Explain why deadweight loss can occur with a price below equilibrium even when some consumers benefit from it.
In determining an employee's net pay, which of the following taxes would be deducted? a. FUTA taxes b. SUTA taxes c. FICA taxes d. All of these choices are correct.
Fix domain and codomain spaces. In general, one matrix can represent many different maps with respect to different bases. However, prove that a zero matrix represents only a zero map. Are there other...
Vino Veritas Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...
What is the difference between aggregation and composition? Give an example for each.
For the audit of Carbald Supply Company, Farda is conducting a test of sales for the first nine months of the fiscal year ended December 31, 2016. Incorrect revenue recognition has been assessed as a...
Horton Manufacturing Incorporated produces blinds and other window treatments for residential homes and offices. The owner is concerned about the maintenance costs for the production machinery...
Mountain Adventure Travel Tours was started on May 1 by Dustin Tanner. The following events and transactions are for May: May 1 Tanner invested $70,000 cash in the business. 3 Purchased a country...
Draw the supply and demand curves for cookies. If the government imposes a tax on cookies, show what happens to the price paid by buyers, the price received by sellers, and the quantity sold. In your...
What happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue? Explain.
Each of the uncharged capacitors in Figure has a capacitance of 25.0F. A potential difference of V = 4200 V is established when the switch is closed. How many coulombs of charge then pass through...
What are the pros and cons of encouraging the development of stock markets in developing countries?
In the text, when we examined statistics from a wide range of developing countries. We found that growth does not guarantee poverty reduction; while higher income is clearly associated with less...
Consider the three recent policy debates concerning microfinance (on subsidies, nonfinancial activities, and commercialization). What kinds of evidence would you seek to resolve these at least in a...
What is meant by financial repression, financial liberalization, currency substitution, and unorganized money markets, and how do they relate to financial policy in developing countries?
What lessons can be learned for low-income countries from the successes of Botswana?
In Java, polymorphic method calls are bound to method definitions at compile time (not runtime). (T / F)
Explain how two samples can have the same mean but different standard deviations. Draw a bar graph that shows the two samples, their means an standard deviations as error bars. T S
Compare and contrast the key aspects of high- and low-context cultures.
Unlike direct income taxes and sales taxes, social security taxes are earmarked. What does that mean?
What is the federal government's most important source of tax revenue? What are the state and local governments' most important sources of tax revenue?
What are Treasury securities? Who owns them?
How does culture relate to political and security issues in the world? Please provide specific examples. 2 What are the most significant contemporary security issues in the world? How does culture...
Tree Seedlings has the following current-year purchases and sales for its only product. Units Acquired at Cost Date January 1 Activities Beginning inventory January 3 Sales February 14 February 15...
A cylindrical log is cut as shown to form a park bench. Find: a. The area of triangle OAB in m. [2] b. The volume of the log in m. [3] B 70% 40 cm 3m

If the government doubles the tax on gasoline, can you be sure that revenue from the gasoline

Question:

Step by Step Answer:

If the government doubles the tax on gasoline the revenue from the gasoline ...View the full answer

Principles of economics

Students also viewed these Economics questions