Which of the Following Statements Is Correct for a Specific

question 15

Multiple Choice

Which of the following statements is correct for a specific good or service?

• A) Whoever pays for a subsidy also pays the entire commodity tax on an item.
• B) Whoever bears the burden of a tax also receives the benefit of the subsidy.
• C) Whoever bears the burden of a tax also bears the cost of the subsidy.
• D) Governments bear the burdens of both taxes and subsidies.

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Definitions:

Fully Functioning

A term often used in psychology to describe an individual who is living at their highest potential, often associated with self-actualization.

Childrearing Style

The manner in which parents raise their children, including authoritative, authoritarian, permissive, and uninvolved styles, each with different impacts on child development.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Personality Theorists

Scholars and researchers who study and develop theories about the psychological traits and mechanisms that make up individual personalities.