The Deadweight Loss from a Tax

question 44

Multiple Choice

The deadweight loss from a tax

• A)does not vary in amount when the price elasticity of demand changes.
• B)does not vary in amount when the amount of the tax per unit changes.
• C)is larger,the larger is the amount of the tax per unit.
• D)is smaller,the larger is the amount of the tax per unit.

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Definitions:

Turnover

The total sales of a business in a certain period, or the rate at which employees leave a company and are replaced.

Absenteeism

The habitual non-presence of an employee at their job, often without good reason.

Cultural Factor

An element of the social environment that affects individuals' behaviors, values, and perceptions, and can influence business practices and consumer preferences.

Immunity

The ability of an organism to resist harmful microorganisms from entering it, or the protection granted by law to certain officials or entities from legal action or prosecution.