"For Goods That Are Unrelated in Consumption, Efficiency Requires That

question 2

Multiple Choice

"For goods that are unrelated in consumption, efficiency requires that tax rates be inversely proportional to elasticities." This is the definition of

• A)the Ramsey Rule.
• B)the benefits-received principle.
• C)the inverse elasticity rule.
• D)the Corlett-Hague rule.

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Definitions:

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An assessment tool used to evaluate an individual’s ability to accurately spell words.

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the successful completion or attainment of a goal, task, or challenge, often recognized through rewards or social acknowledgment.

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A numerical or categorical indicator of an individual's performance on an assessment or examination.

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