Use the Following to Answer Questions: Table: Unit Taxes -Figure: Tax on Buyers 1 in the Diagram, the

question 12

Multiple Choice

Use the following to answer questions: Table: Unit Taxes $$\begin{array} { l | c c } \hline &\text{ Price with no tax} & \begin{array} { c } \text { Price with \$4 per unit } \\\text { tax placed on sellers }\end{array} \\\hline \text { Price paid by buyers }& \$ 55 & ? \\ \text { Price received by sellers } & 55 & \$53.50 \\\hline\end{array}$$
-Figure: Tax on Buyers 1 In the diagram, the demand curve that incorporates a $2 tax per unit is:

• A) D₁.
• B) D₂.
• C) D₃.
• D) D₄.

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Definitions:

Max Weber

A German sociologist, philosopher, and political economist known for his theory on the Protestant ethic and his ideas on bureaucracy.

World Systems Theory

A multidisciplinary, macro-scale approach to world history and social change that suggests there is a world economic system in which some countries benefit while others are exploited.

Dependency Theory

The global theory maintaining that industrialized nations hold less-industrialized nations in a dependent relationship that benefits the industrialized nations at the expense of the less-industrialized ones.

Modernization Theory

A theory that suggests societies progress through a series of stages toward stability, democracy, and prosperity, often through technology and industrialization.