After implementation of the Single European Act, value added taxes in the EU were
A) completely harmonized.
B) unchanged.
C) partially harmonized with minimum and maximum permissible values set by the EU.
D) cut in half in order to increase the role of corporate taxes.
C
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Labor unions tend to drive wages higher than they would be otherwise.
Answer the following statement true (T) or false (F)
Jerry's Marginal Utility for consuming beer and pizza with $8.00 in income
In the above table, Jerry experiences diminishing marginal utility after consuming how many hotdogs?
A. 1 B. 2 C. 3 D. 4
If benefit functions for a public good could be identified accurately, incremental benefits would be measured as
a. the area under the MSB function between the pre- and post-policy abatement levels. b. the area under the TSB function between the pre- and post-policy abatement levels. c. a horizontal distance on the MSB model corresponding to the pre- and post-policy abatement levels d. none of the above
The confidence interval for the sample regression function slope
A) can be used to conduct a test about a hypothesized population regression function slope. B) can be used to compare the value of the slope relative to that of the intercept. C) adds and subtracts 1.96 from the slope. D) allows you to make statements about the economic importance of your estimate.