Refer to Figure 6.8. If your city imposes a tax of $100 per apartment, the tax would incur the deadweight loss of:
A. $48,000.
B. $100,000.
C. $520,000.
D. $560,000.
Answer: B
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International trade between two countries
A) benefits only the receiving country. B) benefits only the sending country. C) benefits both countries. D) benefits neither country.
Which of the following factors would increase capital mobility?
a. fixed exchange rates. b. differences in tax laws between countries. c. different accounting standards between countries. d. both a and b. e. All of the above.
Assume that consumption when young and consumption when old are both normal goods. The income effect of an increase in the interest rate will result in
a. an increase in saving when young. b. an increase in saving when old. c. a decrease in saving when young. d. a decrease in saving when old.
The acronym SPENT is used in connection with ______.
a. changes in quantity demanded b. changes in quantity supplied c. shifts in the demand curve d. shifts in the supply curve