Use the Application about the price of vanity license plates in Virginia to answer the following question(s).Recall the Application. Because the elasticity of demand for vanity plates is 0.26, then a decrease in the price of vanity plates will:
A. decrease total revenues.
B. cause no change in the total revenues.
C. increase total revenues.
D. There is insufficient information to draw a conclusion.
Answer: A
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The failure of the mercantilism policy and the tax policy during the Great Depression proves that economic policies are meaningless and they do more harm than good
a. True b. False Indicate whether the statement is true or false
Suppose that the legislature of the democratic republic of Marina proposes a 10 percent national income tax to be used to fund universal health care, literacy, and access to the justice system for all citizens. Which of the following categories best fits this proposed legislation?
a. Traditional public goods legislation b. Special-interest legislation c. Competing-interest legislation d. Populist legislation
Charles Murray believed that the antipoverty programs of the 1960s and 1970s
A. drastically reduced the level of poverty. B. slightly reduced the level of poverty. C. had no impact on the level of poverty. D. caused more poverty.
Government transfer payments...
What will be an ideal response?