When a Tax Is Imposed,some of the Lost Surplus Becomes

question 140

Multiple Choice

When a tax is imposed,some of the lost surplus becomes tax revenues and the rest is:

• A) transferred to consumers.
• B) transferred to producers.
• C) transferred to recipients of government services.
• D) simply lost.

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Definitions:

Honorable Surrender

The act of yielding or giving up rights, possessions, or position in a dignified manner rather than through coercion.

U.N. Convention

An international agreement formed under the auspices of the United Nations, addressing global issues and governing international law.

International Sale of Goods

Transactions involving the purchase and sale of goods across national borders, governed by specific laws and agreements to facilitate and regulate trade.

Boycotts

Organized refusal to buy, use, or participate in something as a form of protest or a means of coercion.