If a Government Wants to Maximize Revenues from a Tax,it

question 31

Multiple Choice

If a government wants to maximize revenues from a tax,it should

• A) impose it on sellers.
• B) impose it on consumers.
• C) choose a good with a relatively elastic demand.
• D) choose a good with a relatively inelastic demand.

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Definitions:

Overfishing

The practice of fishing at rates too high for fish populations to naturally replenish, leading to a depletion of the species.

Alien Species

Organisms that have been introduced into areas outside their native range, often causing ecological disruption.

Wetlands

Areas of land that are saturated with water, either permanently or seasonally, and where oxygen-free processes prevail, often serving as natural water filtration systems and wildlife habitats.