Chapter 8 - Application: The Costs of Taxation
0.0(0)
Studied by 1 person
View linked note
Learn
Practice Test
Spaced Repetition
Match
FlashcardsCard Sorting
1/2
Earn XP
Description and Tags
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
2 Terms
1
New cards
Cause of taxes
prevents buyers and sellers from realizing some of the gains from trade.
2
New cards
Deadweight loss
________- the fall in total surplus that results from a market distortion, such as a tax.
Flashcards (36)