The Government's Benefit from a Tax Can Be Measured by

question 64

Multiple Choice

The government's benefit from a tax can be measured by

• A)consumer surplus.
• B)producer surplus.
• C)tax revenue.
• D)All of the above are correct.

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Definitions:

Social Enhancement

The most basic social process of learning to use cultural resources, in which resources are used simply because others’ activities have made them available in the immediate environment.

Mitosis

The process of cell duplication and division that generates all of an individual’s cells except sperm and ova.

Physical Presence

Being bodily in a place or situation, as opposed to being there in thought, spirit, or via electronic means.

Material Tools

Physical objects created or used by humans to perform tasks or achieve certain functions, ranging from simple implements to complex machinery.