On Which of the Following Goods Would You Expect the Revenue

question 6

Multiple Choice

On which of the following goods would you expect the revenue generated from the imposition of a tax to be the greatest?

• A)milk
• B)gasoline
• C)bread
• D)a specific brand of beer
• E)all beer

---

Definitions:

Norway

A Nordic country in Northern Europe known for its advanced economy, high quality of life, and robust welfare system.

John Kenneth Galbraith

A Canadian-American economist, public official, and diplomat known for his works on consumer behavior, organizational theory, and public policy.

Mixed Economy

An economic system combining private and public enterprise, incorporating elements from both capitalism and socialism.

Largest Corporations

The biggest companies in the world by market capitalization, revenue, or number of employees, operating across various industries.