Price subsidies have no deadweight losses so long as the (uncompensated) demand curve is vertical.
Answer the following statement true (T) or false (F)
False
Rationale: Price subsidies have no deadweight losses so long as the compensated demand curve is vertical.
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Which of the following contributed to the sharp increase in Federal tax revenues between 1995 and 2001?
A) an increase in income tax rates B) a sustained economic expansion C) increased income inequality D) all of the above
If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's consumers end up
A) paying a higher price for the good than they otherwise would. B) paying a lower price for the good than they otherwise would. C) consuming more of the good than they otherwise would. D) having a higher standard of living than they otherwise would.
Increases in resources or improvements in technology will cause the production possibilities frontier to
a. shift outward b. shift inward c. become a straight line d. become horizontal e. become vertical
An organization that is structured along a set of autonomous divisions led by a corporate headquarters office is called
A) M-form. B) U-form. C) T-form. D) a matrix.