The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. The government would raise more tax revenue from this excise tax if
A) the demand was more inelastic.
B) it places a price ceiling on blouses in addition to the tax.
C) it places a price floor on blouses in addition to the tax.
D) all of the above.
A
You might also like to view...
In the above table, the marginal revenue from the fourth unit of output is
A) $30. B) $147. C) $150. D) $180.
You should use the QLR test for breaks in the regression coefficients, when
A) the Chow F-test has a p value of between 0.05 and 0.10. B) the suspected break data is not known. C) there are breaks in only some, but not all, of the regression coefficients. D) the suspected break data is known.
If top government officials claim that more people are working now than ever before, then which of the following is true? a. The unemployment rate is lower now than ever before
b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever before. d. The number of people in the labor force is higher now than ever before. e. The number of people employed is higher now than ever before.
The balance of payments constraint refers to the limits on:
A. exchange rate policy imposed by flexible exchange rates. B. currency convertibility observed in most developing countries. C. domestic macroeconomic policy, arising from a shortage of international reserves. D. macroeconomic policy resulting from IMF conditionality.