Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: Suppose people freely choose to spend 40 percent of their income on health care, but the government decides to tax 40 percent of a person's income to provide the same level of coverage as before.
What can be said about deadweight loss in each case? A. Taxing income results in deadweight loss, while purchasing health care on one's own does not result in deadweight loss. B. Taxing income results in less deadweight loss, because government knows better what health care coverage is good for society. C. There is no difference because the goods are purchased in the market in either case. D. There is no difference because the total spending remains the same and the health care purchased remains the same.
A: B. Taxing income results in less deadweight loss, because government knows better what health care coverage is good for
Get an answer
Original conversation
User: Suppose people freely choose to spend 40 percent of their income on health care, but the government decides to tax 40 percent of a person's income to provide the same level of coverage as before. What can be said about deadweight loss in each case? A. Taxing income results in deadweight loss, while purchasing health care on one's own does not result in deadweight loss. B. Taxing income results in less deadweight loss, because government knows better what health care coverage is good for society. C. There is no difference because the goods are purchased in the market in either case. D. There is no difference because the total spending remains the same and the health care purchased remains the same.

Weegy: B. Taxing income results in less deadweight loss, because government knows better what health care coverage is good for
Booknerd_lizzy|Points 350|

User: Countries can expect to gain from international trade as long as they

User: Which of the following is an example of the law of one price? A. Exchange rates tend to have equivalent values. For example, one Italian lire equals one U.S. dollar. B. Because people have essentially the same basic needs wherever they live, they tend to buy the same bundle of goods. C. Because wages are so much lower in China, eventually all U.S. jobs will be outsourced to China, leaving the US to import all goods at one price. D. Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency.

Weegy: A. Exchange rates tend to have equivalent values. For example, one Italian lire equals one U.S. dollar is an example of the law of one price.
Expert answered|alfred123|Points 1744|

Question
Asked 3/10/2013 10:27:36 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,436,001 questions answered
Popular Conversations
What is the solution to the proportion? n/18 = 5/9 A. n = 2.5 B. n ...
Weegy: n/18 = 5/9; 9n = 5 * 18 9n = 90 n = 90/9 n = 10
10/12/2017 10:59:55 AM| 8 Answers
Which of the following has kinetic energy? a. a rock poised for a ...
Weegy: A bow that is drawn back by an archer. B. Has kinetic energy.
10/10/2017 2:00:05 PM| 3 Answers
What does everyone have planned for today " What type of sentence is ...
Weegy: "I think it would be best to study the problem carefully." The purpose of the above sentence is: It makes a ...
10/8/2017 2:18:49 PM| 2 Answers
What type of sentence tends to express a strong emotion? A. ...
Weegy: Do your work! The sentence is imperative. User: Which of the following pairs of words are homophones? ...
10/8/2017 2:25:51 PM| 2 Answers
_______ are words that are spelled alike, but have different ...
Weegy: "Near the computer" is a prepositional phrase. User: In which sentence is a homophone used correctly? ...
10/8/2017 2:29:20 PM| 2 Answers
In which one of the following sentences is a word misspelled? ...
Weegy: The sentence with a spelling mistake is: User: Which of the following is an example of an imperative sentence? ...
10/9/2017 8:45:54 AM| 2 Answers
Which of the following about the double-exposition concerto form is ...
Weegy: The development avoids the tonic is TRUE about the double-exposition concerto form. User: The first section ...
10/9/2017 11:33:19 AM| 2 Answers
In which sentence is the underlined phrase an adjective ...
Weegy: The sentence with an adjective clause is: User: . In which sentence is the underlined clause an adjective ...
10/10/2017 11:55:36 AM| 2 Answers
Weegy Stuff
S
P
P
L
P
P
P
Points 135 [Total 2027] Ratings 11 Comments 25 Invitations 0 Offline
S
P
L
Points 97 [Total 119] Ratings 0 Comments 97 Invitations 0 Offline
S
Points 51 [Total 51] Ratings 4 Comments 11 Invitations 0 Online
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
L
Points 1 [Total 100] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.