If a tax is levied on the sellers of a product, then the supply curve will
A. shift up.
B. become flatter.
C. shift down.
D. not shift.
C. shift down.
You might also like to view...
The marginal product of capital is the ________ curve for capital and the marginal product of labor is the ________ curve for labor
A) demand; demand B) demand; supply C) supply; demand D) supply; supply
A country has $50 million of domestic investment and net capital outflow of $15 million. What is saving?
a. $65 million b. -$65 million c. $35 million d. -$35 million
In 2009, President Obama and Congress stimulated aggregate demand by
A. increasing taxes and government spending. B. decreasing taxes and government spending. C. increasing taxes and decreasing government spending. D. decreasing taxes and increasing government spending.
Holding all else equal, if the U.S. government imposes tariffs on imported products, then the equilibrium value of the U.S. dollar will:
A. be determined by the Federal Reserve. B. appreciate. C. depreciate. D. remain fixed.