For the Purpose of Analyzing the Gains and Losses from a Tax

question 40

Multiple Choice

For the purpose of analyzing the gains and losses from a tax on a good,we use tax revenue as a direct measure of the

• A)government's benefit from the tax.
• B)government's loss from the tax.
• C)deadweight loss of the tax.
• D)overall net gain to society of the tax.

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Definitions:

Genetic Differences

Variation in the DNA sequence among individuals of the same species or between different species.

Evolutionary Change

A process through which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Directional Selection

A mode of natural selection where an extreme phenotype is favored over other phenotypes, causing the allele frequency to shift over time.

Selection Differential

The difference in a particular trait between the selected individuals for breeding and the general population, driving evolutionary changes.