If the Government Wants to Raise Taxes While Generating the Least

question 145

Multiple Choice

If the government wants to raise taxes while generating the least amount of deadweight loss,it should raise taxes on a good with a

• A) very elastic demand.
• B) very elastic supply.
• C) somewhat elastic supply.
• D) somewhat elastic demand.
• E) perfectly inelastic demand.

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Definitions:

Data Flows

The movement of data among processes, systems, or components, often visualized within diagrams to represent interactions.

Bastion Host

A heavily secured server located on a special perimeter network between the company’s secure internal network and its firewall.

Secure Internal Network

A network within an organization designed to provide security against unauthorized access.

Firewall

A software program or hardware device designed to prevent unauthorized access to computers or networks.