Based on this supply and demand curve, how does a tax affect buyers?
a. decreases the price they must pay
b. increases the price they must pay
c. raises their demand for the product
d. builds supply of the product available to them
b. increases the price they must pay
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The study of factors that contribute to the economic development of a country is
A) development economics. B) the theory of technological advancements. C) population growth economics. D) the new technology theory.
Explain some important policy measures that you would expect to reduce excessive rural-urban migration. Explain
What will be an ideal response?
The economist known for his early empirical work supporting the efficient markets hypothesis is
A) Milton Friedman. B) John Muth. C) Eugene Fama. D) Glenn Hubbard.
Suppose a human life is worth $10 million. Installing a better lighting system in the city park would reduce the risk of someone being murdered there from 3.5 to 2.9 percent over the life of the system. The city should install the new lighting system if its cost does not exceed
a. $60,000. b. $290,000. c. $350,000. d. $600,000.