A tax that reduces economic efficiency is always bad policy.
Answer the following statement true (T) or false (F)
False
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Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. What is the cost to Firm C of eliminating 2 tons of pollution?
A. $1,300 B. $300 C. $1,500 D. $2,200 E. $3,500
Investment in education in the HPAE was ________ in ________
A) low; primary schools B) high; primary schools C) low; primary and secondary schools D) high; primary and secondary schools E) high; university education
A market structure characterized by a small number of interdependent sellers is called a(n)
A) monopoly. B) monopolistic competition. C) monopsony. D) oligopoly.
A game involving two players with two possible strategies is a prisoner's dilemma if each player has a dominant strategy and:
A. each player's payoff is higher when both play their dominated strategy than when both play their dominant strategy. B. neither player plays their dominant strategy. C. there is a Nash equilibrium that yields the highest payoff for both players. D. each player's payoff is higher when both play their dominant strategy than when both play their dominated strategy.