The burden of a tax is mainly borne by the buyer if:
a. the supply of the good is perfectly price elastic.
b. the supply of the good is relatively price elastic.
c. the demand for the good is relatively price elastic.
d. the demand for the good is relatively price inelastic.
e. the demand for the good is perfectly price elastic.
d
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In the figure above
A) moving from point a to point b would require new technology. B) production at point b is efficient whereas production at point a is not efficient. C) some resources must be unemployed at point c. D) opportunity costs are decreasing.
Government spending influences spending indirectly
a. True b. False Indicate whether the statement is true or false
Under NAFTA, labor disputes and issues will be dealt with by the:
a. U.S. Department of Labor. b. North American Agreement on Labor Cooperation. c. National Labor Relations Board. d. U.S. Department of Justice.
Regulation in a city or town that designates separate areas for residency and business:
a. commerce zone boundaries b. business franchise c. zoning law d. Stockholm boundaries e. business license