The cost to society created by distortions in the market as a result of a tax is also known as
A) social distortion.
B) fiscal externality.
C) deadweight loss.
D) fiduciary imbalance.
E) budget deficit.
Correct Answer:
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Q86: The net cost to society from the
Q87: The deadweight loss from a tax is
Q88: Assume that a $0.25/gallon tax on milk
Q89: When a tax is imposed,consumer surplus and
Q90: In the long run,both supply and demand
Q92: Assume that a $0.10/pound tax on apples
Q93: The per-unit dollar amount of a tax
Q94: Deadweight loss is defined as
A) the cost
Q95: Taxes will almost always cause consumer prices
Q96: When a tax is imposed on some
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