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.

---

Definitions:

Idiosyncrasies

Distinctive or peculiar features or characteristics of a person or thing, often related to behavior or habits.

Generalizable

The extent to which findings or conclusions from a study can be applied to wider populations, contexts, or circumstances.

Delay of Gratification

Delay of gratification is the ability to resist the temptation for an immediate reward and wait for a later reward.

S Data

Self-report data, information provided by an individual about themselves, often used in psychological research and assessments.