When a tax is placed on the sellers of a product, buyers pay
A. more, and sellers receive more than they did before the tax.
B. more, and sellers receive less than they did before the tax.
C. less, and sellers receive more than they did before the tax.
D. less, and sellers receive less than they did before the tax.
B. more, and sellers receive less than they did before the tax.
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As more information is gather, the marginal cost of additional information ________ and the marginal benefit of additional information ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
An economy suffering from high inflation despite low economic growth and high unemployment is experiencing:
A. stagflation. B. an economic boom. C. an economic downturn. D. hyperinflation.
The Fed's purchase and sale of government securities is known as
a. margin operations. b. open market operations. c. bank reserve operations. d. cash management operations.
In which case(s) does(do) a country's supply of loanable funds shift right?
a. both an increase in the budget deficit and capital flight b. an increase in the budget deficit, but not capital flight c. capital flight, but not an increase in the budget deficit d. neither an increase in the budget deficit nor capital flight