曼昆我国经济学原理英文版文案加习题答案8章.docVIP

PAGE 158?Chapter 8 /Application: The Costs of Taxation Chapter 8 /Application: The Costs of Taxation? PAGE 159 ? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. ? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. PAGE 144 ? 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Chapter 8 8 APPLICATION: THE COSTS OF TAXATION of Taxation APPLICATION: THE COSTS OF TAXATION WHAT’S NEW IN THE SEVENTH EDITION: A new In the News box on “The Tax Debate” has been added. LEARNING OBJECTIVES: By the end of this chapter, students should understand: how taxes reduce consumer and producer surplus. the meaning and causes of the deadweight loss from a tax. why some taxes have larger deadweight losses than others. how tax revenue and deadweight loss vary with the size of a tax. CONTEXT AND PURPOSE: Chapter 8 is the second chapter in a three-chapter sequence dealing with welfare economics. In the previous section on supply and demand, Chapter 6 introduced taxes and demonstrated how a tax affects the price and quantity sold in a market. Chapter 6 also described the factors that determine how the burden of the tax is divided between the buyers and sellers in a market. Chapter 7 developed welfare economics—the study of how the allocation of resources affects economic well-being. Chapter 8 combines the lessons learned in Chapters 6 and 7 and addresses the effects of taxation on welfare. Chapter 9 will address the effects of trade restrictions on welfare. The purpose of Chapter 8 is to apply the lessons learned about welfare economics in Chapter 7 to the issue of taxation that was addressed in Chapter 6. Students will learn that the cost of a tax to buyers and sellers in a market exc