If a Tax Did Not Induce Buyers or Sellers to Change

question 52

True/False

If a tax did not induce buyers or sellers to change their behaviour,it would not cause a deadweight loss.

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Definitions:

Moral-rights View

A perspective in ethics that emphasizes the importance of respecting and protecting the fundamental rights of individuals.

Ethical Behavior

Conduct that is consistent with what society, businesses, and individuals consider to be good values, morals, and principles.

Fundamental Rights

Core legal rights considered essential for the protection and freedom of individuals.

Terminal Values

Preferences about desired end states.