A Tax on a Good Results in a Deadweight Loss

question 132

True/False

A tax on a good results in a deadweight loss to society.

---

Definitions:

Alcohol-related Disorders

Medical conditions stemming from excessive alcohol consumption, including dependency and liver damage.

Older People

Refers to individuals typically above the age of 65, often considered the elderly population segment, with unique health, social, and psychological needs.

Long-term Care

A variety of services designed to meet a person's health or personal care needs over an extended period of time.

Mildly Impaired

Referring to a minor reduction in cognitive, physical, or emotional functioning that may affect daily life to some extent but does not incapacitate the individual.