A tax that reduces economic efficiency is always bad policy.

Answer the following statement true (T) or false (F)


False

Economics

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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

Economics

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

Economics

A market structure characterized by a small number of interdependent sellers is called a(n)

A) monopoly. B) monopolistic competition. C) monopsony. D) oligopoly.

Economics

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.

Economics