The tax revenue that is generated by a government tax is counted towards total welfare
Indicate whether the statement is true or false
True . The tax will benefit either producers or consumers or both, but will also generate a dead weight loss in total welfare.
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Suppose that the Federal Reserve Open Market Committee adheres to the ideas expressed by ________
If the economy moves into a recession, the Fed would recommend that the federal funds target rate decrease as long as the inflation rate did not rise above the publicly announced goal for inflation. A) the Taylor Rule B) the gold standard C) the monetarist school of thought D) inflation targeting
The average propensity to consume
A. is C divided by disposable income. B. is a measure of the additional C generated by additional disposable income. C. is negative at very low income levels. D. varies directly with disposable income: as disposable income rises, the APC rises.
Based on Figure 6.1, how much revenue will the government raise from a $0.25 per bushel tariff on soybean imports?
A) The government will raise $2.5 million. B) The government will raise $5 million. C) The government will raise $15 million. D) The government will raise $32.5 million. E) The government will see no increase in income; because the country is small, foreign firms will simply not serve it after the tariff is imposed.
The property that a person owns at the time of her death is her estate.
Answer the following statement true (T) or false (F)