With a tax, the reduction in total surplus is partially offset by the tax revenue
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Buyers and sellers receive signals from markets
A) by listening to the TV news programs. B) through the price system. C) from the gossip columns in the newspapers. D) from their friends and acquaintances.
Economics
Lack of formal training or education, by itself, is a very significant cause of poverty
Indicate whether the statement is true or false
Economics
The MRP of labor will shift to the right if
A) labor productivity increases. B) labor productivity decreases. C) wages increase. D) wages decrease.
Economics
If a female supervisor is discriminated against by one of her workers who refuses to cooperate, she may earn lower wages.
Answer the following statement true (T) or false (F)
Economics