Taxing the market for alcohol at the same rate as the market for juice will likely:
A. raise more revenue.
B. cause more inefficiency.
C. cause a very big reaction in terms of decreased quantity demanded.
D. produce very similar results in terms of revenue and inefficiency because the rate is the same.
A. raise more revenue.
You might also like to view...
The slowdown in the growth of real wages in the United States since 1973 is consistent with a concurrent:
A. slowdown in productivity gains. B. slowdown in the growth of the working age population. C. speedup in the rate of inflation. D. slowdown in immigration into the country.
For a given level of inflation, if concerns about future weakness in the economy cause businesses to reduce their spending on new capital, then the ________ shifts ________.
A. short-run aggregate supply line; upward B. aggregate demand curve; left C. short-run aggregate supply line; downward D. aggregate demand curve; right
Microeconomics and macroeconomics use different types of analysis
a. True b. False Indicate whether the statement is true or false
In the long run, the price of information products in monopolistically competitive markets will be equal to
A. ATC. B. AFC. C. zero. D. MC.