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From the point of view of consumer and producer surplus, what problem may be created when a country subsidizes the cost of energy to consumers to help alleviate the burden of higher energy costs?
Weegy: Hi. Please state your query as a specific question. User: What problems may be created when a country subsidizes the cost of energy to consumers? Weegy: Hi. Please state your query as a specific question. User: what is a dead weight loss? Weegy: what info you need on weight loss? 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: You have given the choices, where is the question (More)
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Asked 7/1/2012 10:02:15 PM
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