One Way to Minimize the Excess Burden Resulting from a Specific

question 5

Multiple Choice

One way to minimize the excess burden resulting from a specific tax is to:

• A)tax only wealthy firms and individuals.
• B)spread the tax over many goods and services.
• C)tax goods for which either supply or demand is inelastic.
• D)tax luxury items such as yachts and sports cars.

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Definitions:

Humanistic Therapy

A therapeutic approach focusing on self-development, growth, and responsibilities, emphasizing an individual's capacity for self-healing.

Basic Listening Sequence

A structured methodology in counseling that involves understanding, interpreting, and responding to clients effectively.

Interpreting

The act of translating oral or sign language speech from one language to another, facilitating communication between speakers of different languages.

Paraphrasing

The act of rewording or rephrasing text or speech to provide clarity or a different perspective.