Which of the Following Tools Help Us Evaluate How Taxes

question 3

Multiple Choice

Which of the following tools help us evaluate how taxes affect economic well-being?
(i) Consumer surplus
(ii) Producer surplus
(iii) Tax revenue
(iv) Deadweight loss

• A)(i)and (ii)only
• B)(i), (ii),and (iii)only
• C)(iii)and (iv)only
• D)(i), (ii), (iii),and (iv)

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Definitions:

Symmetrical

Characterizing a shape or distribution that is evenly balanced around a center point or axis, so that the pattern on one side mirrors the pattern on the other.

Bimodal

Bimodal describes a distribution with two different modes, or peaks, in a frequency distribution chart.

Asymmetrical

Lacking symmetry; not identical on both sides of a central line.

Unimodal

Unimodal refers to a distribution or dataset that has only one mode or peak, representing the most frequent value.