Tax incidence is the actual division of the
A) tax revenues between the federal government and state governments.
B) population into different tax brackets.
C) burden of the tax between buyers and sellers in a market.
D) tax revenues between government agencies.
C
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Factors that affect the ability of oligopolistic firms to successfully engage in cooperation include ____
a. number and size distribution of sellers b. size and frequency of orders c. product heterogeneity d. a and b only e. a, b, and c
The supply of the U.S. dollar on the foreign exchange market is generated by:
a. demand for U.S. exports. b. the U.S. demand for the products and financial assets of other countries. c. the U.S. demand for domestic goods and services. d. foreign demand for U.S. products. e. foreign demand for U.S. financial assets.
Which of the following is a correct statement about U.S. manufacturing?
A) U.S. manufacturing output is generally declining. B) U.S. manufacturing employment has declined sharply since the 1970s. C) Most relocation of U.S. manufacturing has been from southern states to northern states. D) Productivity in U.S. manufacturing has fallen as employment has decreased.
A value of the absolute price elasticity of demand equal to 0.25 indicates that
A) a 10% decrease in price leads to a 4% increase in quantity demanded. B) a 10% decrease in price leads to a 25% increase in quantity demanded. C) a 1% decrease in price leads to a 2.5% increase in quantity demanded. D) a 0.25% decrease in price leads to a 1% increase in quantity.