Which of the Following Should Be Expected If the Tax

question 9

Multiple Choice

Which of the following should be expected if the tax for a certain good increases?

• A)price of the good increases.
• B)the composition of the commodity bundle is distorted.
• C)the budget line pivots out.
• D)only a and b.

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Definitions:

Myers-Briggs Type Indicator

A personality assessment tool designed to identify a person's personality type, strengths, and preferences based on Jungian psychology.

Psychological Types

According to Carl Jung, these are distinct patterns of personality that arise from the interplay of conscious and unconscious dynamics, including attitudes (introversion/extraversion) and functions (thinking, feeling, sensing, and intuiting).

Disagreements

Occurrences of divergent views, opinions, or arguments between individuals or groups.

Sigmund Freud

A neurologist from Austria who established psychoanalysis as a method for addressing mental disorders through conversational therapy between a psychoanalyst and their patient.