When the Total Surplus Lost as a Result of a Tax

question 66

True/False

When the total surplus lost as a result of a tax is less than the amount of tax revenue collected by the government there is a deadweight loss.

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Definitions:

Drug Therapy

The treatment of diseases and disorders through the administration of pharmaceuticals.

Antianxiety Drugs

Medications that are used to treat anxiety disorders and reduce symptoms of anxiety.

Drowsiness

A state of feeling abnormally sleepy or tired, often leading to a decreased level of consciousness and diminished ability to remain awake.

Muscle Tremors

Involuntary, rhythmic muscle contractions that result in shaking movements in one or more parts of the body.