When policy makers are deciding where to place the statutory incidence of a tax, it is helpful to remember that:
A. it will have no effect on the economic incidence of the tax.
B. the economic incidence will fall to the more-elastic party.
C. it will largely determine the economic incidence of the tax.
D. it will have a large impact on efficiency of the tax.
A. it will have no effect on the economic incidence of the tax.
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Which statement is false?
A. Most jobs in defense plants during World War II were held by white males. B. The federal government instituted wage and price controls during World War II. C. Very little new housing was built during the Great Depression and World War II. D. None of the statements are false.
State the fundamental identity of national income accounting. Why is it not possible for this identity to be violated?
What will be an ideal response?
In the Free Banking Era (the period of no central bank),
(a) anyone could form a bank if they met the requirements. (b) banks were required to offer free financial services. (c) the federal government rescinded its tax on bank notes. (d) states rescinded their taxes on bank notes.
A firm will avoid producing additional emissions whenever the fee is
A) less than the MSB. B) greater than the MSB. C) less than the MCA. D) greater than the MCA. E) equal to the distance between MSB and MCA.