If You Compare All the Firstborns in Your Class to All

question 181

Multiple Choice

If you compare all the firstborns in your class to all the later-borns,what might influence the results,other than birth order?

• A)Child-rearing practices have changed from those of long ago.
• B)​More females are firstborns and more males are later-borns.
• C)​Many firstborns come from one-child families.
• D)​The firstborns in your class are older than the later-borns.

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Definitions:

Excess Burden

The loss of economic efficiency that occurs when a tax or government policy distorts consumer behavior or market outcomes, leading to a decrease in total welfare.

Tax Revenue

The financial gains obtained by governments from tax collection.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is unachievable.

Excess Burden

Excess Burden, also known as deadweight loss, is the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.