If producer pays entire tax, good is _________________.
Fill in the blank(s) with the appropriate word(s).
Ans: perfectly elastic
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In most elections, _____ impedes political exchange
a. low transactions costs b. uncertainty c. the secret ballot d. special interests
Expansionary fiscal policy is used to
A) combat inflation. B) combat recessions. C) encourage private saving. D) make businesses more efficient.
Don worked as a machinist all his life, and was recently laid off because his plant closed and the jobs were outsourced to India. There don't seem to be any machinist jobs in the area anymore. Don would be considered:
A. frictionally unemployed. B. structurally unemployed. C. real-wage unemployed. D. Don is a discouraged worker.
Julio makes wine and beer. Last year he made 20 bottles of wine and 20 cases of beer. If the price of grapes goes down (making wine cheaper to make), Julio will be able to make the same amount of wine and more beer
a. True b. False Indicate whether the statement is true or false