The Net Cost to Society from the Imposition of a Tax

question 84

Multiple Choice

The net cost to society from the imposition of a tax is also known as

• A) tax revenue.
• B) consumer surplus.
• C) producer surplus.
• D) deadweight loss.
• E) social welfare.

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Definitions:

New Terms

Freshly introduced or revised conditions or stipulations in a contract or agreement.

Standard Order Form

A predefined template used by businesses to facilitate the easy and consistent placing of orders by customers.

Materially Alter

To make significant changes to a document or object that could affect its value, function, or meaning.

Acceptance Of Terms

The agreement to abide by the conditions of an offer or contract.