When a Tax Is Placed on the Buyers of Lemonade,the

question 50

Multiple Choice

When a tax is placed on the buyers of lemonade,the

• A)sellers bear the entire burden of the tax.
• B)buyers bear the entire burden of the tax.
• C)burden of the tax will be always be equally divided between the buyers and the sellers.
• D)burden of the tax will be shared by the buyers and the sellers,but the division of the burden is not always equal.

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Definitions:

Belgian Frontier

The international border of Belgium with its neighboring countries, which has been a strategic and economic consideration throughout history.

Mersel-Kébir

A naval engagement off the coast of Algeria in 1940, where the British Royal Navy attacked French Navy ships to prevent them from potentially falling into German hands during World War II.

Neville Chamberlain

Neville Chamberlain was a British prime minister best known for his policy of "appeasement" toward Adolf Hitler's Germany in the lead-up to World War II.