Most Services Have a Limited Capacity Due to the ________

question 48

Multiple Choice

Most services have a limited capacity due to the ________ of the service from the service provider and the perishable nature of the service.

• A) inventory
• B) inconsistency
• C) intangibility
• D) information
• E) inseparability

Understand the administrative and compliance costs associated with taxes.

Comprehend the effects of taxes on specific markets, such as SUVs and lattes.

Recognize how taxes can be substituted by other market interventions like quotas or price controls.

Understand the concept of tax neutrality and the conditions under which taxes do not distort market outcomes.

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Definitions:

Reasonable Accommodations

Adjustments or modifications provided by an employer to enable employees with disabilities to perform their job functions.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.

Employer

An individual or organization that hires and pays others to perform services or work as part of a team or company.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.