When a Tax Is Imposed and Some of the Lost

question 102

Multiple Choice

When a tax is imposed and some of the lost surplus becomes tax revenues,the group that benefits is:

• A) consumers.
• B) producers.
• C) recipients of government services.
• D) Only the government benefits from that lost surplus.

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Definitions:

Mortification

A feeling of shame, humiliation, or wounded pride.

Custodial Care

Long-term care provided to individuals who need assistance with daily living activities but do not require medical nursing services.

Moral Treatment

A psychological approach from the 19th century focusing on humane and respectful techniques to care for the mentally ill.

Almshouses

Historical institutions offering housing and care for the poor, elderly, or vulnerable populations.