To Fully Understand How Taxes Affect Economic Well-Being,we Must

Multiple Choice

To fully understand how taxes affect economic well-being,we must

A) assume that economic well-being is not affected if all tax revenue is spent on goods and services for the people who are being taxed.
B) know the dollar amount of all taxes raised in the country each year.
C) compare the reduced welfare of buyers and sellers to the amount of revenue the government raises.
D) take into account the fact that almost all taxes reduce the welfare of buyers, increase the welfare of sellers, and raise revenue for the government.