A Rearrangement Reaction Can Best Be Described as a Reaction

question 39

Multiple Choice

A rearrangement reaction can best be described as a reaction in which

• A)a hydrocarbon reacts with oxygen to produce CO₂,H₂O,and energy.
• B)two reactants combine to form one new product with no extra atoms.
• C)a single reactant splits into two products.
• D)two reactants exchange atoms to give two new products.
• E)a single reactant undergoes reorganization of its chemical bonds,producing an isomer of the reactant.

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Definitions:

Neutral Taxes

Taxes that do not affect the allocation of resources between different goods or activities in the economy.

Excess Burdens

The economic inefficiencies or losses that result from imposing taxes or government policies.

Principle of Second Best

An economic theory that suggests when a condition for a perfect market cannot be met, the next-best solution may involve violating another condition to improve efficiency.

Distortionary Tax

A tax that causes people to alter their behavior and make different economic decisions than they would in a free market, potentially leading to inefficiency.