Use the Following to Answer Question

question 46

Multiple Choice

Use the following to answer question:
-(Figure and Table: The Market for Taxi Rides) Use Figure and Table: The Market for Taxi Rides.If the government imposes an excise tax of $1 per ride (causing the supply curve to shift upward by that amount) ,then the government will collect tax revenues of _____.However,the tax will cause a _____ deadweight loss to society.

• A)$9 million;$0.5 million
• B)$16 million;$1 million
• C)$45 million;$1 million
• D)$50 million;$0.5 million

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Definitions:

Flexible Working Hours

An arrangement that allows employees to vary their arrival and departure times, or choose their working hours, to accommodate personal needs and improve work-life balance.

Compressed Workweek

A work schedule that allows an employee to work a full-time job in fewer than the standard five days.

Work Sharing

An employment arrangement where two or more people share the responsibilities, hours, and benefits of a single full-time job.

Job Sharing

An employment arrangement where two or more individuals share the responsibilities, duties, and earnings of a single full-time job.