A 5 percent tax applied to a foreign good or service is a(n)
a. unit tax
b. foreign tax
c. progressive tax
d. customs duty
e. sales tax
D
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The $14.3 billion U.S. craft beer market is being subsidized at local, state, and even federal government levels, and the taxpayers pay for these subsidies. Economists know that these subsidies make Americans poorer on the whole
Why is it so difficult for U.S. taxpayers to end these subsidies for the craft beer market, a market which has been described as "booming" and "highly successful"?
Alvin's utility function is U = W. Barry's utility function is U = W2. Carl's utility function is U = W0.5. Each has wealth of only $100. An investment of that $100 has a 10% chance of netting $1,000 and a 90% chance of netting a loss of that $100
Who among the three will make the investment?
One problem of ISI was
A) the failure to consider that government officials may make inefficient decisions. B) the overemphasis on improvements in the rural rather than the urban sector. C) the oversupply of complex technical goods. D) the undervaluation of currencies to promote export growth.
Data from a study of retail drug prices by the OECD and Eurostat (2008) showed that:
a. there is some evidence that pharmaceutical prices are highly correlated with a country's per capita GDP. b. high-income countries can keep their drug prices below the OECD average by relying on strict price controls. c. the U.S. had the highest retail drug prices among the 30 countries studied. d. U.S. drug prices are double the OECD average.