Figure 8-12 -Refer to Figure 8-12.Suppose a $3 Per-Unit Tax Is Placed

question 147

Multiple Choice

Figure 8-12
-Refer to Figure 8-12.Suppose a $3 per-unit tax is placed on this good.The tax causes the price received by sellers to

• A)decrease by $3.
• B)increase by $2.
• C)decrease by $1.
• D)increase by $6.

---

Definitions:

Productivity

The measure of how efficiently production inputs, such as labor and capital, are converted into outputs, i.e., goods and services.

Public Assistance

Government programs designed to provide financial aid to individuals or families in need.

Immigrants

Immigrants are individuals who move to a new country with the intention of settling there, contributing to the labor force, cultural diversity, and population changes.

Emigration

The act of leaving one's country to settle in another, which can have significant impacts on the labor force and economy of both the home and host country.