Which of the Following Is True

question 4

Multiple Choice

Which of the following is true?

• A)Individuals prefer excise taxes.
• B)Individuals prefer lump- sum taxes.
• C)Lump- sum taxes give individuals fewer choices than excise taxes.
• D)Excise taxes impose smaller individual costs than lump- sum taxes.

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Definitions:

Construction Worker

An individual who works in the construction industry, engaging in physical labor to build, maintain, or repair buildings, roads, and other structures.

Welfare

Programs and policies designed to help individuals and families in need, usually provided by the government.

Stagflation

A situation in the economy characterized by slow growth and high unemployment coupled with high inflation.

Price Level

The total mean price of the complete array of goods and services in the economy.