Deadweight Loss Is The

question 74

Multiple Choice

Deadweight loss is the:

• A)reduction in total surplus that results from a tax
• B)loss of profit to businesses when a tax is imposed
• C)reduction in consumer surplus when a tax is placed on buyers
• D)decline in government revenue when taxes are reduced in a market

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Definitions:

Minds

Refers to the aspects of intellect and consciousness experienced as combinations of thought, perception, memory, emotion, will, and imagination.

Anthropomorphism

The attribution of human traits, emotions, or intentions to non-human entities.

Embarrassed

A feeling of self-consciousness, shame, or awkwardness that arises from a situation that exposes one's shortcomings or social faux pas.

Dog Sweater

A piece of clothing designed to keep dogs warm, often used in colder climates or for breeds with less natural insulation.