The Actual Burden of a Tax Is Determined Primarily by

question 173

Multiple Choice

The actual burden of a tax is determined primarily by

• A) the elasticities of demand and supply.
• B) the legal (or statutory) assignment of the tax.
• C) the number of exchanges that are eliminated from the market as a result of the tax.
• D) none of the above.

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Definitions:

Unrealistic Worry

Excessive concerns or fears about events or situations that are highly unlikely to occur or are out of proportion to their actual risk.

Agoraphobia

An intense fear of being in a situation from which escape is not possible or in which help would not be available if one experienced overwhelming anxiety or a panic attack.

Fear

An emotional response to a perceived threat that prepares the body to either fight the threat or flee from it.

Unable To Work

A condition where an individual faces physical or mental limitations that prevent them from engaging in any substantial gainful activity.