• Card 11 / 59: Suppose the government in a closed country imposes a lump sum tax of $1,000 on some people (sp) and redistributes the income to other people (op) in society. After the tax is levied and distributed, what is the deadweight loss to society?
    A) $0
    B) +$1,000*sp
    C) -$1,000*op
    D) e answer cannot be determined by the information given.

    Answer:
    A) $0

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Math for Economists ECON200

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Attribution:  Tony Pizur. Math for Economists (The Saylor Academy 2014), http://www.saylor.org/courses/econ200/
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