Question: Question 5 (1 point) Select the statement that is true. The incidence of a tax on a good is the probability that the government will

Question 5 (1 point) Select the statement that is true. The incidence of a tax on a good is the probability that the government will impose a tax on that particular good. Import tariffs only hurt foreign producers and so do not have an effect on domestic aggregate surplus. Government interventions can sometimes improve welfare when there are markets with market failure. Price floors and ceilings simply create limits on the range of prices and so can ever affect aggregate surplus

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