Relative to a single-price monopoly, the effect of group price discrimination on social welfare is
A) beneficial.
B) detrimental.
C) neutral.
D) ambiguous.
D
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The excess burden of a tax refers to the fact that
A) the benefits from a tax exceed the tax revenue. B) the deadweight loss from a tax exceeds the remaining consumer surplus. C) marginal cost is greater than marginal benefit after the tax. D) a tax creates a deadweight loss. E) taxes are split between buyers and sellers.
In the figure above, international trade ________ total surplus in the United States by ________
A) increases; $1.92 billion B) decreases; $2.56 billion C) increases; $4.8 billion D) decreases; $3.6 billion
In a given year, a country's GDP = $3843, net factor payments from abroad = $191, taxes = $893, transfers received from the government = $422, interest payments on the government's debt = $366, consumption = $3661, and government purchases = $338
Calculate the values of private saving, government saving, and national saving.
A Pigovian tax is a tax:
A. meant to counter the effect of a negative externality. B. that increases efficiency in a market. C. that increases total surplus in a market. D. All of these statements are true.