The main losers from inflation are those who
a. have significant assets in real property
b. have fixed incomes
c. have put their money in foreign banks
d. sell products that have a quick turnover
e. none of the above
B
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Answer the following statement(s) true (T) or false (F)
1. A Pigouvian tax is a charge on a good whose production generates a negative externality, such that the charge isequal to the MEC at the competitive output level.
2. In the single-polluter case, a firm faced with an emission charge for pollution implemented as a marginal tax (MT) will abate as long as MAC
Recovery is the phase of the business cycle during which real GDP reaches its maximum
a. True b. False Indicate whether the statement is true or false
Any two goods are said to be _____ if they are consumed jointly in a specific proportion
a. perfect complements b. merit goods c. perfect substitutes d. public goods
A city finances a performing arts center by adding a $2.75 tax to each ticket sold.This is an example of taxation via the benefits principle
a. True b. False Indicate whether the statement is true or false