All Taxes Create Some Deadweight Loss Except Those on Goods

question 51

Multiple Choice

All taxes create some deadweight loss except those on goods

• A) with a very low demand.
• B) that can be resold for a higher price.
• C) that everyone likes to consume.
• D) with a perfectly inelastic demand or supply.
• E) with a very elastic demand or supply.

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Definitions:

Adjectives

Words that describe or modify nouns, providing more information about an object's size, shape, age, color, etc.

Nouns

Words that identify people, places, things, or ideas.

Unconscious Use

Unconscious use involves utilizing something without deliberate intention or awareness, often relating to habits, skills, or learned behaviors that operate below the level of conscious thought.

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.