The Difference Between the Loss of Surplus to Taxpayers and the Tax

question 97

Multiple Choice

The difference between the loss of surplus to taxpayers and the tax revenue collected is called:

• A)an externality.
• B)deadweight loss.
• C)consumer surplus.
• D)producer surplus.

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Definitions:

Key Stimulus

A specific environmental cue that triggers a fixed action pattern in an animal.

Fixed Action Pattern

A sequence of unlearned acts directly linked to a specific stimulus, which is virtually inevitable and once begun, is carried to completion.

Innate Action Pattern

A pre-programmed response that is triggered by specific environmental stimuli, characteristic of a particular species.

Eyebrow Flick

An often subconscious facial gesture involving a quick raise and lower of the eyebrow, sometimes indicating interest or recognition.