In general, the more complex the tax the:
A. more tax revenues it will generate.
B. more efficient it will be.
C. higher the administrative burden will be.
D. more deadweight loss it will create.
C. higher the administrative burden will be.
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Given the total cost and total revenue curves in the figure above, what is the profit-maximizing output level?
A) 30,000 bushels B) 60,000 bushels C) 80,000 bushels D) All output levels occur between 30,000 and 80,000 bushels are profit-maximizing output levels.
Which of the following is true of the crises witnessed by the southeast Asian countries in the 1990s?
a. The crises were sparked by the conversion from a fixed exchange rate regime to a flexible exchange rate regime. b. The crises occurred because among all countries, Malaysia owed the maximum short-term debt to foreigners. c. The consumption of petroleum products grew at an uncontrolled rate in Indonesia. d. Indonesia was the only country that owed a substantial long-term debt to the US. e. The stock prices dropped by 26 percent in Korea and by 57 percent in Malaysia.
If the marginal propensity to save is 0.3, the size of the multiplier is:
A. 0.7. B. 3.3. C. 1.3. D. 2.3.
In a binding situation,an increase in the Z factors
A. causes the AD curve to become horizontal. B. does not shift the AD curve. C. shifts the AD curve to the right. D. shifts the AD curve to the left.