Which of the Following Statements About Taxes Is True

question 52

Multiple Choice

Which of the following statements about taxes is true?

• A) They benefit many of the consumers in the market.
• B) They are sometimes used to correct market failures.
• C) They are sometimes used to transfer surplus from producers to consumers.
• D) They are sometimes used to transfer surplus from consumers to producers.

---

Definitions:

Universal Attainment

A theoretical concept suggesting a level of achievement or skill acquisition that can be reached by anyone under the right conditions.

Concrete-Operational Thinking

A stage in cognitive development, as described by Jean Piaget, where children can think logically about concrete events but struggle with abstract concepts.

Memory Strategies

Memory strategies are techniques or methods used to enhance an individual's ability to encode, store, and retrieve information more effectively.

Universal Mental Operations

Fundamental cognitive processes that are considered to be common across different cultures and individuals.