A Tax Placed on a Good Can Make That Good

question 64

True/False

A tax placed on a good can make that good relatively more expensive and its substitutes relatively less expensive.

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Definitions:

Customer Satisfaction

Customer satisfaction measures how well a company's products or services meet or surpass the expectations of its customers.

Lights Out Factory

A manufacturing plant that operates automatically without the need for human presence on-site, usually controlled by computers or robots.

Flexible Production Systems

Production methods designed to easily adapt to changes in the quantity and type of product being manufactured.

Information Technology

The use of computers, networking, and infrastructures to create, process, store, secure, and exchange all forms of electronic data.