The deadweight loss due to a ________ is always smaller than the deadweight loss due to a ________
A) tax on each unit sold; per unit tax on each unit bought
B) per unit tax on each unit sold; per unit tax on each unit bought
C) tax on each unit sold; lump-sum tax
D) lump-sum tax; tax on each unit bought
D
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A market for a product reaches equilibrium when
A. buyers intend to buy a quantity equal to the quantity that sellers intend to sell. B. the actual quantity bought by buyers equals actual quantity sold by sellers. C. the price rises further after there is a surplus. D. price falls further after there is a shortage.
A production process is defined as
A. The manufacturing of goods and services. B. A means by which jobs are created for workers. C. A means by which labor generates revenue. D. A specific combination of resources used to produce a good or service.
Which of the following is NOT true of sexual harassment?
a. The claimant must be able to prove a hostile work environment was created b. sexual harassment is any repeated, unwanted behavior of a sexual nature c. sexual harassment can apply to physical actions, words, images and written material d. the primary factor in sexual harassment cases is the intent of the action
If the government engages in contractionary fiscal policy a likely reason would be:
A. the economy is operating at a level that is just below full employment. B. they think the economy is not growing fast enough and they want to speed it up. C. they think the economy is growing too quickly and they want to slow it down. D. people are not spending enough money and they want to boost spending.