A lump sum tax can create an excess burden.
A. True
B. False
C. Uncertain
B. False
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In the above figure, the movement from point a to point b reflects
A) a decrease in the price of pizza. B) an increase in the demand for pizza. C) an increase in the number of people who eat pizza. D) an increase in the price of the tomato sauce used to produce pizza. E) a decrease in the number of firms producing pizza.
When the Federal Reserve lends reserves to depository institutions, it charges them interest. That interest rate is called the
A) federal funds rate. B) loan rate. C) prime rate. D) discount rate.
The basic liberal solution to welfare dependency is
A. government jobs. B. forcing the poor off welfare. C. ending immigration. D. identical to the conservative solution.
Given the information in the table below, calculate (a) the concentration ratio; and (b) the Herfindahl-Hirschman index.
