Suppose the government imposes a 30-cent tax on the sellers of soft drinks. Which of the following is not correct? The tax would
a. shift the supply curve upward by 30 cents.
b. raise the equilibrium price by 30 cents.
c. reduce the equilibrium quantity.
d. discourage market activity.
b
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Which of the following would be considered income in kind?
A) tax refunds B) food stamps C) yard sales D) reduction in the tax rates
Using a commitment strategy in:
A. a simultaneous game can alter payoffs, but has no effect in sequential games. B. a simultaneous game has no effect, but can alter the payoffs and outcome of sequential games. C. either a simultaneous or sequential game has little impact on payoffs or outcome. D. either a simultaneous or sequential game can greatly alter the payoffs and outcome of the game.
The volume of U.S. debt in absolute terms was the highest during the period:
a. 1995–2000. b. 1945–1950. c. 2010–2014. d. 1975–1980.