A "Level 1" Heading Should Be

question 48

Multiple Choice

A "level 1" heading should be

• A) flush left with upper and lower case letters
• B) flush left, boldface, with upper and lower case letters
• C) centered, boldface, in upper and lower case letters
• D) flush right, boldface, all upper case letters

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Definitions:

Economic Decisions

Choices made by individuals, businesses, or governments regarding the allocation of scarce resources to satisfy needs and desires.

Excess Burden

The loss of economic efficiency that occurs when a tax or government policy distorts consumer behavior or market outcomes, leading to a decrease in total welfare.

Tax Revenue

The financial gains obtained by governments from tax collection.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is unachievable.