Delayed Hypersensitivity Is Also Known as ___________ Hypersensitivity

question 55

Multiple Choice

Delayed hypersensitivity is also known as ___________ hypersensitivity.

• A)type I
• B)type II
• C)type III
• D)type IV
• E)type V

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Definitions:

Distortionary Tax

A tax that causes people to alter their behavior and economic decisions from what they would have chosen in the absence of the tax.

Principle of Neutrality

The concept that certain measures, such as fiscal policies, should be designed to have a neutral effect on economic choices and competition.

Economic Decisions

Choices made by individuals, businesses, or governments regarding the allocation of scarce resources to satisfy needs and desires.

Excess Burden

The loss of economic efficiency that occurs when a tax or government policy distorts consumer behavior or market outcomes, leading to a decrease in total welfare.