Which One of the Following Statements About Illegal Goods Is

question 18

Multiple Choice

Which one of the following statements about illegal goods is true?

• A)Taxes are more effective in changing preferences than prohibition.
• B)Prohibition is more effective in generating revenue than an equivalent tax.
• C)Taxes and penalties cannot be set to yield equivalent outcomes.
• D)Taxes generate revenues while prohibition sends a signal that might influence preferences.
• E)none of the above

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Definitions:

AUG

A nucleotide sequence that serves as the start codon in mRNA, signaling the beginning of protein synthesis.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

mRNA

Messenger RNA, a type of RNA that carries instructions from DNA for the synthesis of proteins.

Transcription

The procedure that involves copying the details from a DNA strand into a newly formed molecule of messenger RNA (mRNA).