Which of the Following Statements Is Most Correct

question 49

Multiple Choice

Which of the following statements is most correct?

• A)deadweight loss is the efficiency that a tax creates as people allocate resources according to market incentives
• B)deadweight loss is the inefficiency that a tax creates as people allocate resources according to market incentives
• C)deadweight loss is the inefficiency that a tax creates as people allocate resources according to the tax incentives
• D)deadweight loss is the efficiency that a tax creates as people allocate resources according to the tax incentives

---

Definitions:

Scores Ranged

Refers to the variation or spread of numerical data points, often used in the context of standardized tests or assessments.

Midterm Exam

A test given around the middle of an academic term to assess students' knowledge and understanding of the course material up to that point.

Mean

The arithmetic average of a set of numbers, calculated by adding all the numbers together and then dividing by the count of those numbers.

Median

A statistical measure representing the middle value in a dataset, dividing it into two equal halves.