Tariffs and quotas are forms of exchange controls
Indicate whether the statement is true or false
F
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Based on the production and revenue data in the above table, what is the marginal product of the 4th worker?
A) 28 B) 6 C) 4 D) 2
Social Security taxes were and are progressive, meaning that the highest proportion is taxed from the highest incomes
Indicate whether the statement is true or false
When consumption of a good creates positive externalities,
a. the private demand curve shifts rightward b. the private demand curve shifts leftward c. the private demand curve is below the marginal social benefit curve d. the private demand curve is above the marginal social benefit curve e. the equilibrium quantity determined by the free private market is too high
The total burden of a tax is $10,000 and the tax revenue from this tax is $8,000. The excess burden of this tax is
A. $2,000. B. $8,000. C. $10,000. D. $18,000.