Answered

Get expert advice and community support for your questions on IDNLearn.com. Ask your questions and receive reliable, detailed answers from our dedicated community of experts.

Taxes are costly to market participants because they
a. transfer resources from market participants to the government.
b. alter incentives.
c. distort market outcomes.
O d. All of the above are correct.

Sagot :

Baraqidn

Considering the available options, Taxes are costly to market participants because All of the above is correct.

This is evident in that taxes are costly to market participants because they "transfer resources from market participants to the government."

The resources here are capital resources which come in the form of money.

Also, taxes are costly to market participants as it alters the incentives to buy or conduct business.

Again, taxes are costly to market participants because they alter or affect the market outcomes.

Hence, in this case, it is concluded that the correct answer is option D. "All of the above is correct."

Learn more here: https://brainly.com/question/19374874

Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. IDNLearn.com is committed to providing accurate answers. Thanks for stopping by, and see you next time for more solutions.