The "actual incidence" of these things can be observed independent of their intended, or "statutory," incidence. Robert Barro revived the idea that a change in them does not affect consumer behavior, called Ricardian equivalence. A rectangle representing this quantity has height defined by upward shift of the supply curve on a quantity-price diagram, left of a triangular a
The "actual incidence" of these things can be observed independent of their intended, or "statutory," incidence. Robert Barro revived the idea that a change in them does not affect consumer behavior, called Ricardian equivalence. A rectangle representing this quantity has height defined by upward shift of the supply curve on a quantity-price diagram, left of a triangular area showing deadweight loss. Negative externalities are ended by the Pigouvian type of this quantity, which can be ad valorem or "value-added." A parabolic diagram about their optimal rate is the Laffer curve. For 10 points, name these payments which can be "progressive" and raise government revenue.
The "actual incidence" of these things can be observed independent of their intended, or "statutory," incidence.