Imposing a unit excise tax on the final sale of a good or service can be displayed graphically as
A) a vertical shift upward of the demand curve.
B) a vertical shift upward of the supply curve.
C) a vertical shift downward of the demand curve.
D) a vertical shift downward of the supply curve.
B
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The struggles and controversies over federal and state powers led to the demise of both the First and Second Bank of the United States
Indicate whether the statement is true or false
Refer to the above figure. Which of the following statements is true about the demand curves for an individual firm in a perfectly competitive industry and a monopoly?
A) Panel A is the demand curve for a perfectly competitive firm and panel B is the demand curve for a monopoly. B) Panel C is the demand curve for a perfectly competitive firm and panel A is the demand curve for a monopoly. C) Panel C is the demand curve for a perfectly competitive firm and panel B is the demand curve for a monopoly. D) Panel B is the demand curve for a perfectly competitive firm and panel A is the demand curve for a monopoly.
The equation specifying the relationship between the money supply and the price level is
a. P = MV/Q b. P = MQ/V c. P = MV/M d. P = Q/MV e. P = Q/(M + V)
Alternative Dispute Resolution (ADR) is used by many companies to:
A. reduce the high cost of commercial litigation. B. solve problems associated with the distribution of public goods. C. reduce government intervention in international trade. D. eliminate the need for a court system.