After a tax, elastic supply and demand curves bring about ______.
a. more total surplus
b. less change in output
c. more deadweight loss
d. less wasting of resources
c. more deadweight loss
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________ regularly trade their own gain against others' lives
A) Corporations B) Governments C) Individual people D) all of the above
Which statement is false?
A. During the Great Depression millions of working-class and middle-class people demanded welfare payments. B. Until the 1930s the prevalent theory of poverty was that the poor were lazy. C. The heritage of slavery theory explains most poverty in this country. D. None of these statements are false.
Explain how a "conservative" and a "liberal" might differ in the types of policies they advocate to counteract a recessionary gap
Refer to the information provided in Figure 3.16 below to answer the question(s) that follow.
Figure 3.16Refer to Figure 3.16. When the economy moves from Point C to Point A, there has been
A. an increase in demand and an increase in quantity supplied. B. an increase in quantity demanded and an increase in supply. C. an increase in quantity demanded and a decrease in supply. D. an increase in demand and an increase in supply.