The tax burden will fall most heavily on buyers of the good when the demand curve
a. is relatively steep, and the supply curve is relatively flat.
b. is relatively flat, and the supply curve is relatively steep.
c. and the supply curve are both relatively flat.
d. and the supply curve are both relatively steep.
a
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Suppose the labor force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed. The labor force participation rate will
A) increase. B) remain constant. C) decrease. D) not change in a way that can be predicted.
Wealth is created when
a. Assets move from lower value use to higher value use b. Assets move from higher value use to lower value use c. Assets move from individuals who are willing to pay less for them to individuals who are willing to pay more for them d. Both A and C
The demand curve facing a monopolist
a. is kinked at the market price b. is perfectly elastic c. lies above its marginal revenue curve d. lies below its marginal revenue curve e. is the same as its marginal revenue curve
Foreign citizens have been increasing their ownership of U.S. assets. This contributes to a U.S.
a. deficit on current account. b. deficit on financial account. c. surplus on current account. d. surplus on financial account.