A tax levied on purchases of a particular good or service
A. always leads to an increase in total tax revenues.
B. always leads to a reduction in total tax revenues.
C. is illegal because it is discriminatory.
D. is an excise tax.
Answer: D
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Field (2003) claims that the period from 1929 to 1941 was the strongest period of what in U.S. history?
(a) Technological advancements (b) Monetary policy (c) Government action (d) Internationalization
The rights of state and local government to regulate, license and control businesses were taken away after the American Revolution
Indicate whether the statement is true or false
The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, compared to a monopoly who charges a single price, the change in consumer surplus is
A) A. B) A + B + C. C) A + B + C + D + E. D) zero.
The global pattern of inequality has:
A. remained surprisingly unchanged for the past several decades. B. changed significantly after each World War. C. been changing in recent decades. D. not changed since the Great Depression redefined inequality for the world.