Question

What is a corrective tax? Why do we need them? What are the results of a...

What is a corrective tax? Why do we need them? What are the results of a corrective tax? (Please explain your answer by drawing a graph)

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

It can be mentioned that corrective tax is nothing but attacks option used by the government in order to correct the negative externalities. we need corrective tax because it helps us to reduce the impact of negative externalities so that the market failure caused by the negative externalities can be reduced on the whole. the results of corrective the exercise that the impact of negative externalities reduced and for instance when there is pollution acting as a negative externality the impact is reduced to the corrective tax as shown in the graph and the supply shift left so that failure is corrected.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Explain why do we need to do the Evaluation/Assessment. Please explain with all your supporting ideas...
Explain why do we need to do the Evaluation/Assessment. Please explain with all your supporting ideas to justify them.
What is the equilibrium demand schedule? Why do we need to use two demand curves to...
What is the equilibrium demand schedule? Why do we need to use two demand curves to represent consumers suffering an addicition? Please explain.
Define futures contracts in finance. Why do we need them? Give an example from Commodity, Currency...
Define futures contracts in finance. Why do we need them? Give an example from Commodity, Currency and Financial futures. Also, name one index futures from each category.
What is biodiversity? What are the components of biodiversity? Why do we need to preserve biodiversity...
What is biodiversity? What are the components of biodiversity? Why do we need to preserve biodiversity (give three reasons and argument your choices)?
why do we need trade?
why do we need trade?
The following sampling proposal is flawed. Explain why and what you could do to fix the...
The following sampling proposal is flawed. Explain why and what you could do to fix the issue. A mathematician wants to test the probability he calculated for drawing colored balls randomly from a bag. He buys a bag of colored marbles from a local store, puts them in a bag, draws them repeatedly and records the results. Assuming his calculations are correct, suggest some reasons why the results of drawing from the bag might not match the calculated results.
why do we need to produce hyperosmotic urine? what would be the consequence if we could...
why do we need to produce hyperosmotic urine? what would be the consequence if we could only produce isosmotic urine?
How much "statistical significance" do you need to feel confident in regression results? What could potentially...
How much "statistical significance" do you need to feel confident in regression results? What could potentially affect those results and make them misleading, i.e., appear to be stronger than they are? Explain, discuss.
Why do we need a Central Bank for an economy?
Why do we need a Central Bank for an economy?
Why do we need Christianity as a foundation of ethics?
Why do we need Christianity as a foundation of ethics?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT