When a Good Is Taxed

question 56

Multiple Choice

When a good is taxed,

• A)both buyers and sellers of the good are made worse off.
• B)only buyers are made worse off, because they ultimately bear the burden of the tax.
• C)only sellers are made worse off, because they ultimately bear the burden of the tax.
• D)neither buyers nor sellers are made worse off, since tax revenue is used to provide goods and services that would otherwise not be provided in a market economy.

---

Definitions:

Mathematical Neurosis

An intense anxiety or fear related to math and mathematical problem-solving.

Incongruence

Incongruence refers to a mismatch or lack of alignment between an individual's self-image and their actual experiences or behaviors, often leading to psychological discomfort.

Math Courses

Academic courses focused on the study of numbers, quantities, shapes, and their relationships and properties through the use of symbols and theory.

Situationally Specific

Pertaining to or applicable in particular situations rather than universally or generally.