Figure 8-17 the Vertical Distance Between Points a and B Represents the Represents

question 273

Multiple Choice

Figure 8-17
The vertical distance between points A and B represents the original tax.

-Refer to Figure 8-17.If the government changed the per-unit tax from $5.00 to $7.50,then the price paid by buyers would be $10.50,the price received by sellers would be $3,and the quantity sold in the market would be 0.5 units.Compared to the original tax rate,this higher tax rate would

• A) increase government revenue and increase the deadweight loss from the tax.
• B) increase government revenue and decrease the deadweight loss from the tax.
• C) decrease government revenue and increase the deadweight loss from the tax.
• D) decrease government revenue and decrease the deadweight loss from the tax.

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Definitions:

Organizing Process

The organizing process involves arranging and structuring work to achieve organizational goals effectively and efficiently.

Unionized

Refers to workers or an organization that is part of a trade union, which negotiates wages, working conditions, and other employment terms.

Labour Relations Board

A government agency responsible for overseeing labor laws and resolving disputes between employers and unions.

Management Rights Clause

A section in a labor agreement that defines the rights and responsibilities of management to run and operate the company without interference.