The Deadweight Loss Associated with a Tax on a Commodity

question 89

Multiple Choice

The deadweight loss associated with a tax on a commodity is generated by

• A)the consumers who still choose to consume the commodity but pay a higher price that reflects the tax.
• B)the consumers who choose to not consume the commodity that is taxed.
• C)all citizens who are able to use services provided by government.
• D)the consumers who are unable to avoid paying the tax.

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Definitions:

Inherently Moral

Pertaining to actions, objects, or decisions considered to possess moral qualities by their very nature.

Early Consequentialist

Refers to philosophical thinkers or theories in the history of ethics that judge the rightness or wrongness of an action by its consequences or outcomes, predating modern consequentialism like utilitarianism.

Jeremy Bentham

A British philosopher, jurist, and social reformer regarded as the founder of modern utilitarianism.

Consequentialist Theorists

Philosophers who argue that the morality of an action is determined solely by its outcomes or consequences.