A Per- Unit Tax Placed on the Employment of a Particular

question 38

Multiple Choice

A per- unit tax placed on the employment of a particular input in one of many regions will lead to:

• A)a point which is inside the production possibilities frontier.
• B)decrease in output prices.
• C)a corner solution on the production possibilities frontier.
• D)inefficiency in consumption.

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Definitions:

Delay of Gratification

The ability to resist the temptation for an immediate reward and wait for a later, often greater, reward.

Desired Reward

An attractive and sought-after outcome or item, typically as a result of one's actions or achievements.

Distracted Themselves

The act of diverting one's attention away from a particular task or focus to engage in another activity or thought.

Personality Characteristics

Personality characteristics are enduring patterns of thinking, feeling, and behaving that distinguish individuals from one another.