If a government wants to maximize revenues from a tax it should
A) impose it on sellers.
B) impose it on consumers.
C) choose a good with a relatively elastic demand.
D) choose a good with a relatively inelastic demand.
D
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In which of the following industries are workers least likely to suffer from cyclical unemployment?
a. Construction industry b. Automobile manufacturing c. Apparel industry d. Education e. Tourism
The Bitcoin:
a. Is an example of VCU1. b. Is an example of VCU2. c. Is an example of VCU3. d. Is an example of VCU4. e. None of the above because the Bitcoin is not a virtual currency.
Payments to households not in exchange for goods and services currently produced are:
A. transfer payments. B. government purchases. C. consumption expenditures. D. investment expenditures.
If global pollution causes climatic changes that permanently harm crop production worldwide, aggregate supply and demand analysis would lead us to expect _____
Fill in the blank(s) with the appropriate word(s).