One Way to Minimize the Excess Burden Resulting from a Specific

question 5

Multiple Choice

One way to minimize the excess burden resulting from a specific tax is to:

• A)tax only wealthy firms and individuals.
• B)spread the tax over many goods and services.
• C)tax goods for which either supply or demand is inelastic.
• D)tax luxury items such as yachts and sports cars.

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Definitions:

Probability Sampling

A sampling technique in which every member of the population has a known and non-zero chance of being selected.

Simple Random Sampling

A method of selecting a sample from a population in which every member has an equal chance of being chosen.

Purposive Sampling

A non-random sampling technique where subjects are selected based on specific characteristics or qualities, targeting a particular segment.

Snowball Sampling

A non-probability sampling technique where existing study subjects recruit future subjects from among their acquaintances, often used in studies with hard-to-reach populations.