Cigarette taxes are viewed as _____
a. regressive
b. progressive
c. proportional
d. non-distortionary
a
You might also like to view...
In the context of a roulette wheel, gambler's fallacy refers to the belief that:
A) outcomes of a gamble are mostly repetitive. B) winners in a gamble lose the next round. C) outcomes of a gamble tend to avoid repeats. D) winners in a gamble continue to win in streaks.
Some people support the Euro in hopes that the European Central Bank will emulate the monetary policy of the central bank of
A) Germany. B) France. C) Italy. D) Spain.
Given a Cobb-Douglas production function estimate of Q = 1.19L.72K.18 for a given industry, this industry would have:
a. increasing returns to scale b. constant returns to scale c. decreasing returns to scale d. negative returns to scale e. none of the above
Protectionism is the view that free trade is ________ and should be ________.
A. inevitable; allowed B. harmful; restricted C. helpful; encouraged D. illegal; forbidden