which of the following is true of taxes
What will be an ideal response?
taxes drive a wedge between what buyers pay and what sellers recieve
You might also like to view...
Market-based policies are effective methods that the government can use to address externality problems.
Answer the following statement true (T) or false (F)
John earned a PhD in biomedical engineering, and works full-time as a faculty member at the local university. He also does some private consulting work on the side. He would like to give up teaching and do consulting full-time, but he fears there isn't enough demand for it. The best way to describe John is to say he is:
A. a discouraged worker. B. overemployed. C. underemployed. D. employed.
In the cost-benefit analysis of public goods, the benefits
A. Are more easily estimated than the costs. B. Can be only roughly estimated using highly subjective techniques. C. Can be accurately measured using the market price of the public good. D. Can be accurately measured by ballot box economics.
Mutual interdependence means that each firm in an oligopoly:
A. Faces a perfectly inelastic demand for its product B. Considers the reactions of its rivals when it determines its pricing policy C. Depends on the other firms for its inputs D. Depends on the other firms for its markets