When a tax alters consumers' incentives, it is:
A. always the explicit purpose of the policy.
B. sometimes a side effect of a tax designed to raise revenue.
C. called a sin tax.
D. meant to encourage increased consumption.
B. sometimes a side effect of a tax designed to raise revenue.
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The antitrust law that prohibits price discrimination on grounds that it reduces competition is
A) the Federal Trade Commission Act. B) the Clayton Act. C) the Robinson-Patman Act. D) the Sherman Act.
A tax that that takes the same percentage of a taxpayer's income regardless no matter what their total income is called a _____
a. proportional tax b. progressive tax c. head tax d. regressive tax
A traffic light at an intersection is
a. rival and excludable in consumption. b. not rival but excludable in consumption. c. rival but not excludable in consumption. d. not rival and not excludable in consumption.
Approximately how many U.S. workers received Trade Adjustment Assistance from 1994 to 2002 as a result of job losses due to NAFTA?
a. 525 million b. 52.5 million c. 5.25 million d. 0.525 million