The government wants to increase its tax revenue and plans to implement an additional sales tax. The government will raise more tax revenue if it taxes a good with an ________ rather than a good with an ________
A) inelastic demand; elastic demand
B) elastic demand; inelastic demand
C) elastic supply; inelastic supply
D) None of the above answers is correct.
A
You might also like to view...
Higher deductibles for employer-provided health care will tend to shift the ________ curve for medical services to the ________
A) supply; left B) supply; right C) demand; left D) demand; right
If a nation changes its laws to more actively enforce intellectual property rights, all of the following will most likely take place except
A) more film makers will choose to do business in that country. B) more software companies will choose to export their products to that country. C) foreign investment in that country will increase. D) the black market for intellectual property will become more prosperous in that country.
The Clayton Act
a. was passed in 1890 b. created the Federal Trade Commission c. abolished antitrust policy in this country d. attempted to give explicit content to what formed an antitrust violation e. made mergers between corporations illegal
The failure of markets to adequately protect the environment can viewed either as a problem of
a. externalities or as a problem of common resources. b. externalities or as a problem of private goods. c. the overprovision of public goods or as a problem of the underprovision of private goods. d. club goods or as a problem that arises when the quantity of excludable goods exceeds the socially-efficient quantity.