Business, 05.02.2021 18:30 durham953

The sales tax hurts economic efficiency. If the Mayor’s only consideration was maximizing market efficiency, then you would recommend a zero sales tax. Suppose, though, that the Mayor is considering spending the revenue raised by the tax on a city government program. What specific advice would you give to ensure that the city’s overall economic welfare is improved from the policy and the tax levied to finance the program?

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The sales tax hurts economic efficiency. If the Mayor’s only consideration was maximizing market eff...

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