Figure 18-2 Figure 18-2 Shows the Widget Market Before and After an and After

question 27

Multiple Choice

Figure 18-2

Figure 18-2 shows the widget market before and after an excise tax is imposed. The revenue collected by the tax is ____.

• A)$8,000
• B)$50,000
• C)$100,000
• D)$150,000

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Definitions:

Unsafe Intersection

A road junction that presents a higher risk of accidents due to poor design, insufficient visibility, inadequate signage, or other factors.

Traffic Light

A signaling device positioned at road intersections, pedestrian crossings, and other locations to control flows of traffic.

Stop Signs

Signposts that instruct drivers to come to a complete halt, observe the right-of-way, and proceed with caution at intersections.

Risk of Fatality

The probability or likelihood of death resulting from exposure to a hazard or undertaking a certain activity.