Tax incidence
a. depends on the legislated burden.
b. is entirely random.
c. depends on the elasticities of supply and demand.
d. falls entirely on buyers or entirely on sellers.
c
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The factors of production include
A) capital. B) investment. C) transfers. D) wages.
Another name for stockholder wealth maximization is
A) profit maximization. B) maximization of earnings per share. C) maximization of the value of the common stock. D) maximization of cash flows.
Given the aggregate demand curve, a beneficial supply shock will:
a. increase potential output and the price level b. decrease potential output and the price level. c. increase potential output and decrease the price level. d. decrease potential output and increase the price level. e. cause no change in potential output or the price level.
Which of the following environmental problems is among the least-easily solved?
A. waste water treatment B. the world's global warming issues C. a nation's coastal water pollution issues D. a nation's air pollution issues