If a government simplified its tax system the likeliest result would be a decrease in
a. consumer surplus.
b. producer surplus.
c. in deadweight loss.
d. tax revenues.
c
You might also like to view...
When two variables move in the same direction, they are said to be:
A) unitary correlated. B) uncorrelated. C) positively correlated. D) a negatively correlated.
The U.S. Postal Service enjoys a monopoly position because of patent rights.
Answer the following statement true (T) or false (F)
After the Federal Reserve increases reserves in the banking system, banks create new deposits through multiple rounds of lending and accepting deposits until the:
A. actual reserve-deposit ratio is equal to the desired reserve-deposit ratio. B. actual reserve-deposit ratio is greater than the desired reserve-deposit ratio. C. deposit insurance limit is reached. D. Federal Reserve requires them to stop.
In an econometric model, the dependent variable is
A. unchanging across subsamples. B. always the wage. C. the behavior one is trying to explain. D. also known as the residual. E. unrelated to the independent variables.