A tax that does not change consumers’ behavior creates no
A. economic burden.
B. excess burden.
C. tax revenue.
D. tax incidence.
Answer: B
You might also like to view...
In the period from 1996 to 2007, real wages in the United States ________ during the 1973 to 1995 period.
A. declined more rapidly B. grew at about the same rate C. declined D. grew more rapidly
A contractionary monetary policy can reduce real GDP if expectations are formed rationally and monetary policy is
A) combined with expansionary fiscal policy. B) carried out in total secrecy. C) publicly announced and credible. D) combined with contractionary fiscal policy.
The goal of the firm, according to economists, is to
A) stay in business for as long as possible. B) sell as many units of the good it produces as possible. C) grow as large as possible. D) make as much economic profit as is possible.
New classical economists believe that wages are inflexible
a. True b. False Indicate whether the statement is true or false