The Difference Between the Loss of Surplus to Taxpayers and the Tax

question 97

Multiple Choice

The difference between the loss of surplus to taxpayers and the tax revenue collected is called:

• A)an externality.
• B)deadweight loss.
• C)consumer surplus.
• D)producer surplus.

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Definitions:

Excessive Heat

Undesired high temperatures generated in a system or device, often due to inefficiency or overload, leading to potential damage.

Motor Starter

A device that controls the use of electrical power to equipment, specifically to start and stop the motor safely.

Motor Control Center

A centralized assembly of motor starters, controllers, and other devices, housed in a cabinet for power distribution and control in industrial environments.

Electronic Type

Pertains to devices or systems that operate based on the flow of electrons through semiconductors, vacuum tubes, or other components.