The figure above shows the market for tires. The figure shows that the government has imposed a tax of ________ per tire and that ________ pay most of the tax
A) $30; buyers
B) $40; buyers
C) $30; sellers
D) $60; sellers
E) $60; buyers
C
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The above figure shows Bobby's indifference map for soda and juice. B1 indicates his original budget line. B2 indicates his budget line resulting from a decrease in the price of soda. What change in quantity best represents his income effect?
A) 3 B) 10 C) 15 D) 7
Explain how an increase in the American demand for German goods leads to a change in the German Mark relative to the U.S. dollar
Government's role of providing national defense is considered:
A) enforcing a legal system. B) providing certain goods and services. C) redistributing income. D) expanding economic growth.
Private foreign investment will often promote economic growth in poor countries more effectively than aid from other governments or international agencies because
What will be an ideal response?