Refer to the Graph Shown

question 153

Multiple Choice

Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. If the government imposes a $2 per-unit tax on this product, the deadweight loss from the tax will be:

• A) 10.
• B) 60.
• C) 70.
• D) 80.

Understand the classification and risk levels of various bonds and securities.

Comprehend the purposes and characteristics of money market instruments.

Identify the differences between general obligation bonds and revenue bonds.

Recognize the denominations and face values at which bonds are issued.

---

Definitions:

Leibniz

A German polymath and philosopher best known for his contributions to metaphysics, mathematics, and the development of the calculus independently of Isaac Newton.

Locke

An English philosopher and physician, widely regarded as one of the most influential of Enlightenment thinkers, particularly known for his theories of mind and personal identity.

Senses

Physiological capacities of organisms that provide data for perception, such as sight, hearing, smell, taste, and touch.

David Hume

A Scottish Enlightenment philosopher, historian, economist, and essayist known especially for his philosophical empiricism and skepticism.