Corrective taxes differ from most taxes in that corrective taxes

a. do not cause deadweight losses.

b. always result in a high burden on sellers of goods to which the corrective tax applies.

c. reduce economic efficiency.

d. do not raise revenue for the government.

Question

Valentin Foster

Business

29 April, 01:21

Corrective taxes differ from most taxes in that corrective taxes

a. do not cause deadweight losses.

b. always result in a high burden on sellers of goods to which the corrective tax applies.

c. reduce economic efficiency.

d. do not raise revenue for the government.

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Annabella Eaton · Answer 1

Corrective taxes different from most taxes that corrective taxes do not cause deadweight losses.

A corrective tax is a market based option used to address activities that affect other companies. These taxes increase the cost of producing a good or service which has companies producing less items.

Corrective taxes differ from most taxes in that corrective taxesa. do not cause deadweight losses.b. always result in a high burden on sellers of goods to which the corrective tax applies.c. reduce economic efficiency.d. do not raise revenue for the government.

Corrective taxes differ from most taxes in that corrective taxes

a. do not cause deadweight losses.

b. always result in a high burden on sellers of goods to which the corrective tax applies.

c. reduce economic efficiency.

d. do not raise revenue for the government.