If There Is a Decrease in the Deadweight Loss of a Tax

question 23

True/False

If there is a decrease in the deadweight loss of a tax, this means that the tax has an increased economic cost.

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Definitions:

Unilateral Contract

An agreement where one party makes a promise, but the other side does not reciprocate with a promise but with an action.

Internet Communication

The exchange of information or messages between users through the internet, utilizing various platforms and technologies.

Gratuitous Promise

A promise for which no consideration is given; not legally binding unless put in a deed or supported by some form of consideration.

Electronic Contracts

Legal agreements formed, signed, or accepted electronically, without the use of paper or wet ink.