To Minimize Inefficiency from Taxes on Goods

question 51

Multiple Choice

To minimize inefficiency from taxes on goods,

• A)a good with low elasticity of demand should be taxed at the same rate as a good with high elasticity of demand.
• B)a good with low elasticity of demand should be taxed at a lesser rate than a good with high elasticity of demand.
• C)a good with low elasticity of demand should be taxed at a greater rate than a good with high elasticity of demand.
• D)a good with low elasticity of demand should never be taxed.
• E)the government should always impose the maximum amount of tax.

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Definitions:

Adjourning

The stage when individuals either leave the team or have no reason to be in further contact with their teammates.

ASA Model

The Attraction-Selection-Attrition model, which explains how individuals are attracted to, selected by, and remain in organizations.

Attraction-Selection-Attrition

A framework explaining how individuals are attracted to, selected by, and eventually leave organizations based on congruence with the organizational culture.

Adjourning

The final stage of group development where the group completes its task, dissolves, and members move on to other activities or groups.