Dynamic tax analysis is an economic evaluation of tax rate changes
A) by the National Tax Institute in Burlington, Massachusetts.
B) by various state governments.
C) by the tax institutes established by a consortium of business schools.
D) based on the assumption that tax base declines if tax rates continuously increase.
D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Suppose Rebecca needs a dog sitter so that she can travel to her sister's wedding. Rebecca values dog sitting for the weekend at $200 . Susan is willing to dog sit for Rebecca so long as she receives at least $175 . Rebecca and Susan agree on a price of $185 . Suppose the government imposes a tax of $30 on dog sitting. What is the deadweight loss of the tax?
a. the maximum value that Rebecca would pay for dog sitting b. the $30 tax c. the lost benefit to Rebecca and Susan because after the tax, Susan will not dog sit for Rebecca d. the lost benefit to Rebecca of being unable to hire a dog sitter because Rebecca is the one who would pay the tax
he condition where the opportunity cost of producing additional units of a good rises as society produces more of that good is known as ______.
a. increasing opportunity cost b. deceasing production possibilities c. efficient opportunity allocation d. increasingly scarce efficiency
The contention that tariffs should be imposed to protect from import competition an industry that is trying to get started is
A) a basic argument for free trade. B) the infant industry argument. C) dumping. D) a voluntary restraint agreement.