One Economist Says That Raising Taxes on Gas Would Be

question 53

Multiple Choice

One economist says that raising taxes on gas would be in the social interest. What does this economist mean?

• A) Higher taxes on gas would benefit society as a whole.
• B) Raising taxes on gas would benefit most of the people.
• C) Higher taxes on gas would benefit everyone.
• D) Both answers A and C are correct.

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Definitions:

Total Liabilities

The sum of all financial obligations a company owes to external parties, including both short-term and long-term liabilities.

Total Liabilities

The aggregate of all debts and obligations owed by a company, reported on the balance sheet.

Shareholders' Equity

Represents the residual interest in the assets of a corporation after deducting liabilities, essentially the net worth belonging to shareholders.

Total Assets

The aggregate of all financial resources owned by a company, including current and non-current assets, which reflects its total economic value.