When one examines the nature of a tax in relation to the incomes of people paying the tax, it is possible to
a. calculate aggregate impact
b. determine relative burden
c. identify poll tax levels
d. determine corporate responsibility
e. find customs duties
B
You might also like to view...
In the long run, a decrease in aggregate demand causes the price level to _______ and the long-run aggregate supply curve to _____________
a. decrease; decrease b. increase; increase c. decrease; remain unchanged d. increase; remain unchanged
Which of the following is likely among the most concentrated industries in the United States?
A) printing and publishing B) soft drinks C) tobacco products D) household vacuum cleaners
The natural rate of unemployment is
a. the rate of unemployment caused by frictional plus structural unemployment b. the actual rate of unemployment less structural unemployment c. structural, frictional, and cyclical unemployment d. full employment less structural unemployment e. the civilian population that is out of work and actively seeking a job
American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Which country has a comparative advantage in producing cars? In producing grain?
a. U.S in cars; Japan in grain b. Japan in cars; U.S in grain c. U.S in cars; U.S in grain d. Neither in cars; U.S in grain