Tax Incidence

question 106

Multiple Choice

Tax incidence:

• A) depends on the relative elasticity of the supply and demand curves in a market.
• B) depends on whether it is a buyers tax or sellers tax that is being imposed.
• C) depends on the amount of tax revenue generated once administrative burdens are taken into account.
• D) depends on whether the tax revenue is greater than the deadweight loss caused by the tax.

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Definitions:

Habitats

The natural environments or places where a particular species lives and grows; it is crucial for the survival of species.

Fitness

In evolutionary terms, the ability of an organism to survive and reproduce, thus passing on its genes to the next generation.

Passive Dispersal

A mechanism by which organisms or their propagules spread from one location to another without their own locomotion, often relying on external forces.

Marine Animals

Animals that live in the ocean environment, including both vertebrates and invertebrates.