If the Government Is Most Interested in Minimizing Excess Burden

question 103

Essay

If the government is most interested in minimizing excess burden of an excise tax, should it impose the tax on goods that are elastic or on goods that are inelastic?

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Definitions:

Control Coil

The coil in a relay or contactor that, when energized, creates a magnetic field to pull in contacts, controlling circuit continuity.

Differential Switches

Devices designed to protect electrical circuits by automatically interrupting the current flow when detecting an imbalance between the incoming and outgoing current.

Pilot Devices

Controls, such as buttons and switches, used to operate machinery or equipment indirectly.

Motor Control Circuits

Electrical circuits specifically designed to control the performance and operation of electric motors, including starting, stopping, and speed control.