A study of New York City (NYC) tax rates concluded that taxes on the nonmanufacturing sector should be higher since that sector has fewer alternatives. Manufacturers are more mobile and may move to avoid higher taxes. This means that
a. nonmanufacturing firms have a more elastic demand for NYC locations.
b. manufacturing firms have an inelastic demand for the NYC locations.
c. nonmanufacturing firms have relatively inelastic demand for the NYC locations.
d. nonmanufacturing demand for NYC locations is perfectly elastic.
c
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The biggest wave of bank failures in the U.S. occurred:
A) during the Great Depression. B) before the Great Depression. C) during 2007 to 2009. D) in the early 1990s.
In a budget line/indifference curve diagram, at the consumer equilibrium
A) any movement upward or downward on the budget line will move the consumer to a less preferred point. B) any movement to the northeast to higher indifference curves moves the consumer to a less preferred point. C) the slope of the budget line is as much larger as possible than the marginal rate of substitution. D) All of the above statements are correct.
How is the market demand for public goods derived?
What will be an ideal response?
China has adopted a unique approach to the population growth problem. Please explain. Have they been successful? Please explain
What will be an ideal response?