The burden a tax places on buyers versus sellers is:
A. independent of which side is charged the tax.
B. always split in half.
C. never shared.
D. depends on which side is charged with the tax.
A. independent of which side is charged the tax.
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Expansionary monetary policy _______________ Real GDP ______________ in an open economy than in a closed economy
A) raises; more B) raises; less C) lowers; more D) lowers; less
A two firm oligopoly is known as a
A. cartel. B. monopoly. C. duopoly. D. contestable market.
Direct regulation of externalities take place at the ________ level.
A. federal B. local C. state D. all of the above
In the context of auto theft, an example of self-protection would be
A. an insurance company buying reinsurance from the government. B. an insurance company buying reinsurance from another insurance company. C. an individual buying auto insurance to recover losses from theft. D. an individual purchasing a product that makes a car less susceptible to theft.