If the government levies a specific tax on tobacco producers, the spending of consumers will probably
A) increase.
B) decrease.
C) remain unchanged.
D) depend on supply elasticity.
A
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Internalizing the externalities means that
A) all costs have been accounted for. B) all costs and benefits have been accounted for. C) all benefits have been accounted for. D) free-riders have paid a tax to the government.
Which of the following states had the highest incidence of union membership as a percent of all wage and salary workers in 2012?
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