When the Government Imposes an Excise Tax,the Deadweight Loss Is

question 7

Multiple Choice

When the government imposes an excise tax,the deadweight loss is caused by:

• A)equal the tax revenue paid to the government.
• B)be greater than the tax revenue paid to the government.
• C)be less than the tax revenue paid to the government.
• D)prevention of transactions because of the cost of the tax.

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Definitions:

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee.

Benefit Reductions

The act of decreasing the amount or scope of the benefits (such as health insurance, retirement pensions) provided to employees by an employer.

Harassment

Behavior that is intimidating, hostile, or offensive to another person, often in the workplace or social setting.

Demotion

The act of lowering an employee's rank or position, usually as a disciplinary measure or due to organizational restructuring.