{"id":24647,"date":"2021-01-12T05:34:39","date_gmt":"2021-01-12T05:34:39","guid":{"rendered":"http:\/\/onlineclassesguru.com\/?p=24647"},"modified":"2021-01-12T05:34:39","modified_gmt":"2021-01-12T05:34:39","slug":"suppose-people-freely-choose-to-spend-40-percent-of-their-income-on-health-care-but-the-government-decides-to-tax-40-percent-of-a-persons-income-to-provide-the-same-level-of-coverage-as-befo","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2021\/01\/12\/suppose-people-freely-choose-to-spend-40-percent-of-their-income-on-health-care-but-the-government-decides-to-tax-40-percent-of-a-persons-income-to-provide-the-same-level-of-coverage-as-befo\/","title":{"rendered":"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\u2019s income to provide the same level of coverage as before. What can be said about deadweight loss in each case?"},"content":{"rendered":"<style type=\"text\/css\"><\/style><p><strong>Suppose people freely choose to spend 40 percent<\/strong><br \/>\n<strong>of their income on health care, but the government decides to tax<\/strong><br \/>\n<strong>40 percent of a person\u2019s income to provide the same level of<\/strong><br \/>\n<strong>coverage as before. What can be said about deadweight loss in each<\/strong><br \/>\n<strong>case?<\/strong><\/p>\n<p>A.<\/p>\n<p>Taxing income results in deadweight loss, while purchasing<br \/>\nhealth care on one\u2019s own does not result in deadweight loss.<\/p>\n<p>B.<\/p>\n<p>Taxing income results in less deadweight loss, because<br \/>\ngovernment knows better what health care coverage is good for<br \/>\nsociety.<\/p>\n<p>C.<\/p>\n<p>There is no difference because the goods are purchased in the<br \/>\nmarket in either case.<\/p>\n<p>D.<\/p>\n<p>There is no difference because the total spending remains the<br \/>\nsame and the health care purchased remains the same.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>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\u2019s 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24647","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>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\u2019s income to provide the same level of coverage as before. 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