Corporate profits
a. rise during inflation causing corporate taxes collected to rise
b. rise during inflation causing corporate taxes collected to fall
c. fall during inflation causing corporate taxes collected to rise
d. fall during inflation causing corporate taxes collected to fall
e. and corporate taxes are unrelated so that it is impossible to tell what happens to corporate taxes when corporate profits change
A
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Rational self-interest is equivalent to pure selfishness
a. True b. False
Which of the following is not a reason why marketable permits may fail to achieve efficiency?
a. Some firms can reduce emissions at a lower cost than other firms. b. A market with a small number of buyers and sellers. c. Imperfect information exists on the value of a permit. d. There are concerns about the value of permits in the future.
Shoeleather cost refers to
a. the cost of more frequent price changes induced by higher inflation. b. the distortion in resource allocation created by distortions in relative prices due to inflation. c. resources used to maintain lower money holdings when inflation is high. d. the tendency to expend more effort searching for the lowest price when inflation is high.
What is dumping?
What will be an ideal response?