The deadweight loss a tax causes depends on all of the following except:
A. how responsive buyers and sellers are to a price change.
B. the price elasticity of supply.
C. the price elasticity of demand.
D. who the tax is imposed upon.
D. who the tax is imposed upon.
Economics
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Refer to the above figure. Line ACE is called
A) the consumption function. B) the saving function. C) the savings function. D) the 45-degree line.
Economics
An example of human capital would be:
A. an office chair. B. a training session on Excel. C. Excel software. D. All of these are examples of human capital.
Economics
Globalization leads to a homogenizing of markets
Indicate whether the statement is true or false
Economics
A stock is a measure defined:
A. in real terms. B. at a point in time. C. per unit of time. D. in nominal terms.
Economics