If Uber Is Required to Start Paying the Value-Added Tax

question 84

Multiple Choice

If Uber is required to start paying the value-added tax (VAT) in Great Britain, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.This would have a tendency to

• A)decrease producer surplus and decrease deadweight loss.
• B)decrease consumer surplus and increase deadweight loss.
• C)increase consumer surplus and increase producer surplus.
• D)maximize consumer surplus and minimize producer surplus.

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Definitions:

Stable/Unstable

Refers to the degree of consistency or variability in a system's state or performance over time.

Global/Specific

Pertains to general or worldwide aspects when used in the context of 'global,' whereas 'specific' refers to particular, detailed instances or examples.

Internal/External

Terms related to the sources of influence or causes; internal refers to factors within a person, while external refers to factors outside of an individual.

Women's Biological

A term potentially incomplete but could refer to the biological aspects distinct to women, including reproductive functions and hormonal makeup.