Which of the Following Oils Is Highest in Monounsaturated Fat

question 28

Multiple Choice

Which of the following oils is highest in monounsaturated fat?

• A)canola oil
• B)coconut oil
• C)safflower oil
• D)cottonseed oil

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Definitions:

Administrative Costs

The resources used (which is a cost) by government to collect the tax, and by taxpayers to pay it as well as to evade it, over and above the amount of the tax.

Inefficiency

A scenario where resources are not used optimally, leading to wasted potential output or outcomes that do not maximize societal welfare.

Progressive

Refers to a tax system where the tax rates increase as the taxable amount increases, often aimed at reducing inequality.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved.