Tax laws affect
A) economic efficiency but not equity.
B) consumption and production, not efficiency and equity.
C) both efficiency and equity.
D) equity but not economic efficiency.
C
Economics
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Off-budget expenditures are a recent phenomenon, originating during World War I
a. True b. False
Economics
Refer to Figure 17-10. Consumer surplus with the tariff is
a. A.
b. A + B.
c. A + C + G.
d. A + B + C + D +E + F.
Economics
When marginal utility is positive, total utility is
A. zero. B. decreasing. C. at its minimum. D. increasing.
Economics
Searching the Internet for information to help select a product that is more reliable is most likely to be done by a
A) risk-averse person. B) risk-neutral person. C) risk-preferring person. D) This cannot be determined with the information provided.
Economics