Please give me a brief explanation.

Which statement related to elasticity and tax incidence is NOT true? 0 For products with an elastic demand, the burden ofthe tax is borne almost entirely by the producers. O For products with an inelastic demand, the burden of the tax is borne almost entirely by the consumer. 0 Parties with elastic demand or supply bear taxes; parties with inelastic demand or supply avoid them. One of the rules of tax incidence says that the \"side\" of the market on which the tax is imposed also determines the distribution of the tax burdens. 0 True 0 False The difference in the level of information that is available to sellers and to purchasers in a market is known as: Full information Information asymmetry Partial information gap It is much harder for consumers to avoid consumption and thus the taxation on consumption when demand is more inelastic. 0 True 0 False The principle that groups with more resources should pay higher taxes than groups with fewer resources is known as horizontal equity. 0 True 0 False When facing an adverse event like unemployment, some people can self-insurance against such events. Which of the following is NOT a means of selfinsurance against unemployment or job loss? borrowing from your parents receiving governmentprovided unemployment insurance using the savings in your emergency fund borrowing against the equity you might have on your home The existence of shown by individuals means that sometimes it may not be optimal for the government to provide the full insurance that is demanded by risk averse consumers. 0 utility maximization O rationality O moral hazard behavior Moral hazard stemming from insurance coverage is costly because it lowers the in an economy. O social efficiency O crowding out O government intervention O government debtThe central trade off of social insurance implies that by in private insurance markets, the government could potentially the underlying behavioral problems that come with having access to insurance. O increasing the failures; eradicate O fixing the failures; also solve O fixing the failures; worsen O increasing the failures; hold constantTax systems in which the effective average tax rates do not change with income, so that all taxpayers pay the same proportion of their income in taxes are known as tax systems 0 proportional Cl regressive O progressive Workers in a firm have access to workers' compensation, and the rm as a result isn't as careful about safeguarding the workers against workplace accidents. This is an example of 0 adverse selection 0 social insurance 0 moral hazard The deadweight loss of a given tax is larger when the demand curve is less elastic (or more inelastic) than when it is more elastic. 0 True 0 False When it is neither easy nor very attractive to change our behavior in order to qualify for any insurance, then the incidence of moral hazard will be much lower. 0 True 0 False The formula for consumer tax burden = (post-tax price - pre-tax price) + per-unit tax payments by O consumers O the government O producersWhen an insurance company tries to charge different prices to different consumers for the insurance product, but does not know the true risk type of each consumer, theoretically this will lead to a situation where the company will end up 0 earnings lots of prots 0 breaking even each year 0 incurring losses If someone starts driving erratically after lowering the deductible on their car insurance, then that could be: O utility maximization O moral hazard O inefficiency O adverse selectionDiminishing marginal utility translates to the statement that always having two slices of pizza is better than sometimes having four and sometimes having zero. 0 True O False It is for people to self insure against a(n) event, such as increasing their savings for eventual retirement. 0 easier; unpredictable O harder; predictable o easier; predictable Asymmetric information between buyers and sellers in a market can never lead to market failures. 0 True 0 False When it comes to a social insurance program like Workers' Compensation, if an employer could truly or fully observe whether or not a worker has been injured on the job, then the moral hazard problem associated with the program could be greatly reduced. 0 True 0 False