As the Roman Government Became More Efficient, It Took on More

question 67

Multiple Choice

As the Roman government became more efficient, it took on more functions.To pay for these services, Rome ________.

• A) instituted "sin" taxes on tobacco and alcohol
• B) minted fewer coins, hoping speculators would take them out of circulation
• C) imposed taxes on farmers who lived outside of Italy
• D) sold bonds

---

Definitions:

Total Surplus

The sum of consumer surplus and producer surplus, representing the total benefit to society from the production and trade of goods and services.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay; a measure of consumer benefit.

Producer Surplus

The difference between the amount a producer is actually paid for a good compared to the minimum amount they would accept for the good.

Excess Supply

A market condition where the quantity of a commodity available for sale exceeds the quantity demanded at the current price.