For the Average Consumer,the Combination of an Excise Tax and a Tax

question 55

Multiple Choice

For the average consumer,the combination of an excise tax and a tax rebate:

• A)increases consumption of the taxed good but lowers welfare.
• B)increases consumption of the taxed good and raises welfare.
• C)decreases consumption of the taxed good and lowers welfare.
• D)decreases consumption of the taxed good but raises welfare.

---

Definitions:

Stretched Pebbles

Elongated pebbles that have been deformed and stretched by tectonic forces in a metamorphic environment.

Anticline

An anticline is a type of fold that is arch-shaped and has its oldest beds at its core, typically resulting from compressional forces in the Earth's crust.

Syncline

A geological structure where rock layers fold downward, creating a U-shaped valley.

Monocline

A geological fold in which all layers are inclined in the same direction, forming a step-like structure in the Earth's strata.