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Across 1. These type of Economics were first publicized by Congressman Jack Kemp in his Jobs Creation Act, 1975. 4. When a _______ externality exists in an unregulated market producers don’t take responsibility for external costs that exist 5. A Charge against a citizen's person or property or activity for the support of government is this 6. When supply is relatively ___, the deadweight loss of a tax is small 7. When demand is relatively ___, the deadweight loss of a tax is large 8. Goods that are in-elastic have a demand and supply that remains relatively _______ regardless of price

Down 2. the fall in total surplus that results from a market distortion, such as a tax 3. this curve is named after an economist who drew a figure on a napkin to show how tax rates affect tax revenue