A Deadweight Loss Is a Consequence of a Tax on a Good

question 152

Multiple Choice

A deadweight loss is a consequence of a tax on a good because the tax

• A)induces the government to increase its expenditures.
• B)induces buyers to consume less, and sellers to produce less, of the good.
• C)causes a disequilibrium in the market.
• D)imposes a loss on buyers that is greater than the loss to sellers.

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Definitions:

Schizophrenia

A mental disorder characterized by distorted thinking, perceptions, emotions, language, sense of self, and behavior.

Cognitive-behaviour Therapy

A form of psychological treatment that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.

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A mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Dopamine

A neurotransmitter in the brain associated with pleasure, movement, and the regulation of mood, playing a significant role in reward and motivation pathways.