A tax, in which amounts transferred as gifts and bequests are jointly taken into account, is known as
A. inheritance tax.
B. death tax.
C. accessions tax.
D. unified transfer tax.
D. unified transfer tax.
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Why might it be in the direct economic interest of the United States to finance rain forest conservation programs in the Amazon?
What will be an ideal response?
Suppose milk and cereal are compliments and the demand for milk is Qdm = 40 - 6Pm - 2Pc, where Qdm stands for millions of gallons of milk demanded, Pm stands for the price of milk and Pc stands for the price of cereal. The supply of milk is Qsm = 6Pm - 8, where Qsm stands for millions of gallons of milk supplied. The demand and supply of cereal are Qdc = 90 - 5Pc - Pm and Qsc = 5Pc - 10, respectively, where Qdc stands for millions of boxes of cereal demanded and Qsc stands for millions of boxes of cereal supplied. Suppose the government imposes a $2.00 per gallon tax on milk. The new general equilibrium price of cereal is:
A. $9.66. B. $9.76. C. $7.76. D. $11.76.
Refer to the above figure. Saving occurs at
A) only at point A. B) to the left of point B. C) only at point B. D) to the right of point B.
Two studies published in the New England Journal of Medicine link the risk of breast cancer to alcohol consumption. Young women who have nine drinks per week were reportedly 150 percent more likely to develop breast cancer. Considering the market for alcohol, an economist would predict a movement
a. up the demand curve as quantity demanded falls. b. up the supply curve as the demand curve shifts. c. down the supply curve as the demand curve shifts. d. down the demand curve as quantity falls.