Chapter 8 - Application: The Costs of Taxation

0.0(0)
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/2

flashcard set

Earn XP

Description and Tags

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

2 Terms

1
New cards
Deadweight loss
________- the fall in total surplus that results from a market distortion, such as a tax.
2
New cards
Taxes cause deadweight losses It
________ prevents buyers and sellers from realizing some of the gains from trade**