If the Government Wanted a Tax to Reduce the Quantity

question 61

Multiple Choice

If the government wanted a tax to reduce the quantity exchanged a large amount but not raise much in tax revenue, it would want to tax an industry with

• A)​elastic supply and demand curves.
• B)​inelastic supply and demand curves.
• C)​inelastic supply and elastic demand.
• D)​elastic supply and inelastic demand.

Understand the role of demographic, geographic, and health behavior data in epidemiological research.

Recognize the importance of research design in epidemiological studies.

Recognize the importance of identifying variables in disease causation and prevention.

Comprehend the significance of screening tests' sensitivity, specificity, and predictive values.

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Definitions:

Consolidated Omnibus Budget Reconciliation Act

A federal law in the United States that provides for continued health insurance coverage for individuals after employment termination.

Employee Income Security Act

A federal law designed to protect employees' retirement incomes and provide regulations for health and pension plans in the private industry.

Medical Benefits

The health-related services and coverage provided by insurance policies or social welfare programs.

Railway Labor Act

A U.S. federal law that governs labor relations in the railroad and airline industries, primarily focusing on dispute resolution.