In what type of analysis could an increase in the tax rate lead to a decrease in tax revenues?
A) ad valorem taxation
B) excise taxation
C) dynamic tax analysis
D) static tax analysis
C
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Refer to the table above. What is the market demand for wine when the price is $1?
A) 50 units B) 80 units C) 51 units D) 76 units
Economists depict distribution of income by drawing a Lorenz curve above the diagonal
Indicate whether the statement is true or false
The development of new technology typically:
A. shifts the supply curve to the right. B. reduces profits. C. results in a downward movement along a supply curve. D. shifts the demand curve to the right.
Refer to the scenario above. If Lawland's net factor payments from abroad equals zero and net transfer payments from abroad is negative, ________
A) Lawland is likely to experience a net outflow of assets B) Lawland is likely to experience a current account surplus C) Lawland is likely to experience a current account deficit D) Lawland is likely to stop trading with its trading partners A country imported goods and services worth $40 billion and exported goods and services worth $37.8 billion during a particular year.