Which of the following statements about specific excise taxes is true?
A. These taxes are levied on a full wide range of consumer goods
B. These taxes are usually transparent to (and easily reckoned by) the buyers
C. A large portion of these taxes are often borne by the sellers, not shifted to the buyers
D. In the U.S., these taxes are more common than sales taxes
C. A large portion of these taxes are often borne by the sellers, not shifted to the buyers
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According to this Application, real GDP only grew by ________ percent from the end of the recession in 2009 through 2014
A) 2.0 B) 5.4 C) 10.8 D) 15.0
The household survey asks adults about their employment status and is used to compile the monthly unemployment rate
Indicate whether the statement is true or false
Which of the following types of goods is subject to the free-rider problem?
A) a private good B) a public good C) a product that creates a positive externality D) a product that creates a negative externality
When comparing tax and spending policy by the government, in general we note that the tax policy multiplier effect relative to the spending multiplier should be:
A. larger. B. smaller. C. equivalent. D. not comparable.