Of the Following Items,which Is (Are) Most Important in Determining

question 90

Multiple Choice

Of the following items,which is (are) most important in determining the distribution of tax burden?

• A) who is legally responsible for paying the tax
• B) the elasticities of supply and demand
• C) the desired level of tax revenue
• D) whether the tax is on income, wealth, sales, or imports
• E) the dollar amount of the tax

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Definitions:

Conceptual Skill

The ability to think analytically to diagnose and solve complex problems.

Complex Problems

Issues or situations that are multifaceted, involve many variables, and require nuanced solutions often beyond straightforward fixes.

Critical Thinking

The intellectually disciplined process of actively analyzing, synthesizing, and evaluating information gathered from observation, experience, reflection, or communication.

Prospective Employer

An individual or organization considering hiring a particular job seeker or candidate for employment.