Figure 4-24
Refer to . The per unit burden of the tax on buyers is
a.
P3 - P1.
b.
P3 - P2.
c.
P2 - P1.
d.
Q2 - Q1.
b
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Which of the following statements is equivalent to an appreciation of the dollar relative to the euro?
a. The dollar buys fewer euros now. b. The euro buys fewer dollars now. c. The dollar costs less. d. The euro buys more dollars now
Outsourcing is a source of increased U.S. output.
Answer the following statement true (T) or false (F)
An decrease in demand is represented by a
A) shift of the demand curve to the left. B) shift of the demand curve to the right. C) movement down the demand curve. D) movement up the demand curve.
Voluntary agreements about cleaning up pollution attempt to
A. internalize private costs. B. externalize private costs. C. internalize externalities. D. externalize social costs.