Elucidate what is effect of such tax on economic efficiency
Course:- Business Economics
Reference No.:- EM1349697

Assignment Help >> Business Economics

Q. In a several years ago British government imposed "poll tax" that required each person to pay a flat amount to government independent of his or her income or wealth. Elucidate what is the effect of such tax on economic efficiency also the effect on economic equity? do you think this was a popular tax?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Assume that your favourite candidate is proposing a 15 percent flat tax to replace our personal income tax. Analyze the tax and tell whether it is a good tax alternative or no
Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggre
Historically, young French workers (under age 25) have had relatively high unemployment rates: 21 percent in 2005. In 2006, the French government proposed to allow employers t
Suppose that individuals view their loss of income from imposing a single marginal tax rate as offset by the benefits of public services purchased with the revenues so that th
Indicate whether the following events would cause an? "increase or a decrease in demand or an? "increase or a decrease in the quantity demanded?" for? cable-based Internet acc
Assume there is an increase in taxes by $5 million and no change in government spending. What effect will this have on the demand and supply of loanable funds? Is the change i
You operate your own small building company and have decided to bid on a government contract to build a pedestrian walkway in a national park during the coming winter. The wal
Explain how competition in markets can often provide incentives for the invention of new technology. Using the ideas of social benefit and privaate benefit, explain the concep