The Sizes of an Export Tax's Impacts on Production,consumption,exports and the Government

question 5

Multiple Choice

The sizes of an export tax's impacts on production,consumption,exports and the government budget depend on what primarily?

• A) The autarky price
• B) Elasticities of the local supply and demand schedules
• C) The world price
• D) Whether there is a world shortage or surplus for that crop

---

Definitions:

Revenue

The income generated from normal business operations or other activities, vital for sustaining businesses and financing governments.

Declaration Of Independence

The formal statement written by Thomas Jefferson declaring the freedom of the thirteen American colonies from Great Britain, adopted by the Continental Congress on July 4, 1776.

Central Government

This term refers to the national or federal government of a country, responsible for overseeing the administration of all areas of the nation-state, including policy-making and implementation.

Statements Of Principle

Declarations or assertions that outline fundamental beliefs, values, or stances on particular issues, serving as a foundation for decision-making or actions.