Evaluate the following two statements. Do you agree? Why or why not? a. A tax that has

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Evaluate the following two statements. Do you agree? Why or why not?
a. “A tax that has no deadweight loss cannot raise any revenue for the government.”
b. “A tax that raises no revenue for the government cannot have any deadweight loss.”

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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