A tax on a good
a. gives buyers an incentive to buy less of the good than they otherwise would buy.
b. gives sellers an incentive to produce more of the good than they otherwise would produce.
c. creates a benefit to the government, the size of which exceeds the loss in surplus to buyers and sellers.
d. All of the above are correct.
a
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Which of the following CANNOT be a source of comparative advantage?
A) Climate B) Resource stock available C) Education of workforce D) Domestic prices of goods and services
Which of the following is not a function of the Federal Reserve System?
A) to clear checks B) to supervise member banks C) to serve as the lender of last resort D) to handle the sale of U.S. Treasury securities E) to serve as the government's tax collector
Widespread behavioral evidence suggests that people:
A. are unable to assess the relative value of gains and losses. B. weigh gains more heavily than losses. C. place equal weight on gains and losses. D. weigh losses more heavily than gains.
GNI per capita is gross national income divided by the population.
Answer the following statement true (T) or false (F)