Deadweight Loss Is the

question 81

Multiple Choice

Deadweight loss is the

• A)decline in total surplus that results from a tax.
• B)decline in government revenue when taxes are reduced in a market.
• C)decline in consumer surplus when a tax is placed on buyers.
• D)loss of profits to business firms when a tax is imposed.

---

Definitions:

Ronald Reagan

The 40th President of the United States, serving from 1981 to 1989, known for his conservative policies and role in ending the Cold War.

Political Orientation

A person or group's predetermined political stance or ideology, encompassing a range of views from conservative to liberal.

Democratic

Pertains to a form of government in which power is vested in the hands of the people, either directly or through elected representatives.