When It Is Possible to Make Someone Better Off Without

question 134

Multiple Choice

When it is possible to make someone better off without hurting someone else, the condition is

• A)Pareto unequal.
• B)Pareto equal.
• C)Pareto inefficient.
• D)Pareto efficient.
• E)absolutely equitable.

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Definitions:

Excise Tax

A tax charged on specific goods, such as alcohol and tobacco, usually imposed to discourage certain behaviors or generate revenue.

Tax Burden

The distribution of tax payments among individuals or groups, often discussed in the context of equity and fairness.

Deadweight Loss

It represents the loss of economic efficiency when the equilibrium for a good or a service is not achieved or is not achievable.

Excise Tax

A tax directly levied on certain goods, services, or activities, such as tobacco, alcohol, or fuel, usually to discourage their use or generate revenue.