Economics · Public Finance
In Public Finance, how is the 'impact of a tax' defined according to Hugh Dalton's classification?
- 1The ultimate economic burden borne by the final consumer
- 2The indirect distortion caused to market equilibrium
- 3The redistribution of income through government expenditure
- 4The initial legal burden on the person who pays the tax to the government first✓
Correct answer
The initial legal burden on the person who pays the tax to the government first
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