The more elastic the demand for a good, the
A) less a sales tax lowers the price paid by buyers.
B) more a sales tax lowers the price paid by buyers.
C) less a sales tax raises the price paid by buyers.
D) more a sales tax raises the price paid by buyers.
C
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The "Normal-Form" of a game is a description including
A) the players. B) the strategies possible. C) the payoffs. D) All of the above
_____ is an online venue where businesses and individuals can hedge their uncertainty about whether legislation that affects them will be enacted
a. The American Civics Exchange b. Tradesports c. The Iowa Electronic Markets d. The Gallup and Roper surveys
Why does the GDP deflator give a different rate of inflation than the CPI?
In the early ________, computers became powerful enough to have a real economic impact.
A. 1970s B. 1990s C. 1980s D. 2000s