Card 11 / 59: 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.
Answer:
A) $0
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