Suppose the government in a closed country Tony Pizur @Regis Math

Question 9 / 60: Suppose the government in a closed country imposes a lump sum tax of $1,000 on some people (sp) and redistributes the income to other people (op) in society. After the tax is levied and distributed, what is the deadweight loss to society?

A $0

B +$1,000*sp

C -$1,000*op

D e answer cannot be determined by the information given.

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Math for Economists ECON200

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Prof.Tony PizurProfessor

Regis University

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Attribution: Tony Pizur. Math for Economists (The Saylor Academy 2014), http://www.saylor.org/courses/econ200/

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