The Overselling of Private Goods Results in ________,Such as Cars

question 80

Multiple Choice

The overselling of private goods results in ________,such as cars causing traffic jams,air pollution,injuries and deaths.

• A)cultural pollution
• B)misdirected funding
• C)social costs
• D)materialism
• E)opportunity costs

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Definitions:

Tax Shield

A reduction in taxable income for individuals or corporations achieved through claiming allowable deductions.

Tax Rate

The percentage at which an individual or corporation is taxed. The government sets the rate, which can apply to income, capital gains, or other financial figures.

Straight-Line Depreciation

A procedure for assigning the cost of a solid asset over its productive lifetime in equal annual figures.

Marginal Tax Rates

The rate at which an individual or corporation's next dollar of taxable income is taxed.