When a Good Is Taxed

question 56

Multiple Choice

When a good is taxed,

• A)both buyers and sellers of the good are made worse off.
• B)only buyers are made worse off, because they ultimately bear the burden of the tax.
• C)only sellers are made worse off, because they ultimately bear the burden of the tax.
• D)neither buyers nor sellers are made worse off, since tax revenue is used to provide goods and services that would otherwise not be provided in a market economy.

---

Definitions:

Autopsy

A post-mortem examination to determine the cause of death and to evaluate any disease or injury that may be present.

Impending Death

The imminent or nearing occurrence of death, often used in contexts of terminal illness or critical health situations.

Comfortable

A state of physical ease and freedom from pain or constraint.

Great-Granddaughters

Female offspring two generations removed, such as the grandchildren of one's son or daughter.