Which of the Following Statements Is True About Taxes

question 8

Multiple Choice

Which of the following statements is true about taxes?

• A) Taxes always create more deadweight loss than do price ceilings and price floors.
• B) Taxes decrease both consumer surplus and producer surplus while creating a deadweight loss.
• C) Government revenue from a tax is always greater than the loss of producer surplus and consumer surplus.
• D) Both answers A and C are correct.

Identify major personality traits proposed by theorists like Eysenck and their biological underpinnings.

Understand different biases and their impact on research validity.

Recognize the historical foundations and key figures in psychology.

Identify the different schools of psychology and their basic premises.