The Net Cost to Society from the Imposition of a Tax

question 84

Multiple Choice

The net cost to society from the imposition of a tax is also known as

• A) tax revenue.
• B) consumer surplus.
• C) producer surplus.
• D) deadweight loss.
• E) social welfare.

---

Definitions:

Contracts

Legal documents that outline the terms, conditions, rights, and responsibilities agreed upon by two or more parties.

Planned Change Process

A systematic approach aimed at transforming existing methods or conditions into desired ones through specific steps and strategies.

Measurable Objective

A specific, quantifiable, and time-bound goal that can be used to evaluate progress or success in achieving defined outcomes.

Program Development

The process of creating, designing, implementing, and evaluating a structured set of activities or procedures to achieve specific goals.