Multiple Choice
A demerit good is a good or service that
A) the political process has deemed socially desirable.
B) can be consumed by one individual without affecting the consumption of another individual.
C) is not subject to the principle of mutual exclusivity.
D) the political process has deemed socially undesirable.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: A family making $30,000 pays $4,500 in
Q20: A consumption tax would<br>A)discourage saving because individuals
Q21: Which of the following commodities is a
Q22: One distinguishing characteristic of a public good
Q23: Explain how corporate profits are subject to
Q25: Which of the following would be classified
Q26: Income is taxed twice with respect to<br>A)corporate
Q27: Which of the following is an example
Q28: Which of the following does NOT describe
Q29: The system of rewards and punishments decision-makers