Table 12-4 -Refer to Table 12-4.Suppose That the Government Imposes a $2

question 319

Multiple Choice

Table 12-4

-Refer to Table 12-4.Suppose that the government imposes a $2 tax on delights,causing the price to increase from $4.00 to $6.00.Total consumer surplus will fall from

• A) $6 to $3.
• B) $7 to $4.
• C) $6 to $2.
• D) $5 to $3.

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Definitions:

Stock Option Backdating

The practice of setting the grant date of stock options to an earlier time than their actual issuance date, often to benefit the option recipient financially.

Falsified Documents

This term refers to documents that have been illegally altered or fabricated to deceive.

Extortion

A criminal offense in which a person obtains money, property, and/or services from another by wrongfully threatening or inflicting harm to his or her person, property, or reputation. Also called blackmail.

Hacker

A person who illegally accesses, or enters, another person’s or company’s computer system to obtain information or steal money.