To Measure the Gains and Losses from a Tax on a Good,economists

question 141

Multiple Choice

To measure the gains and losses from a tax on a good,economists use the tools of

• A)macroeconomics.
• B)welfare economics.
• C)international-trade theory.
• D)circular-flow analysis.

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Definitions:

Thomas Malthus

An English economist and demographer, known for his theory that population growth will always outpace the food supply, leading to societal collapse.

Stable

An attribute of systems, conditions, or environments that maintain consistency and resist sudden change or degradation over time.

Surviving

The act of continuing to live or exist, especially in spite of difficult circumstances or challenges.

Glucosamine

A natural compound found in cartilage, often used in dietary supplements to support joint health and alleviate the symptoms of arthritis.