If the Government Levies an Excise Tax in a Market

question 251

Multiple Choice

If the government levies an excise tax in a market whose supply curve is perfectly inelastic,the burden of the tax will fall completely on the _____,and the deadweight loss will equal _____.

• A)consumers;zero
• B)producers;zero
• C)consumers;the tax revenue
• D)producers;the tax revenue

---

Definitions:

Selection Process

The series of steps taken by an organization to assess and decide which candidates will be most suitable for a job vacancy, often including applications, interviews, tests, and background checks.

Multiple-Hurdle Model

A personnel selection approach where candidates must pass several evaluation stages or "hurdles" to be considered for employment.

HR Personnel

Individuals working within the human resources department, responsible for managing recruitment, employee relations, and organizational development.

Final Interview

The last step in the interview process where a candidate meets with key decision-makers before a hiring decision is made.