For the purpose of analyzing the gains and losses from a tax on a good, we use tax revenue as a direct measure of the
a. government's benefit from the tax.
b. government's loss from the tax.
c. deadweight loss of the tax.
d. overall net gain to society of the tax.
a
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Since 1960, per capita real GDP in the United States has nearly tripled.
Answer the following statement true (T) or false (F)
A decrease in the supply of dollars to holders of Mexican pesos would cause the:
a. equilibrium quantity of dollars to decrease. b. equilibrium quantity of dollars to increase. c. equilibrium quantity to remain unchanged. d. all of these.
The setting of effluent limitations
a. is based primarily on technological capability b. follows benefit-cost analysis c. achieves an efficient solution d. all of the above
A nation whose labor market is highly integrated with other nations in a currency union is more ______ to join because ______.
A) unlikely; workers would suffer real wage declines if they have competition from foreign workers B) unlikely; firms would find it expensive to hire workers if they have to pay in the common currency C) likely; labor market integration means that when there are asymmetric demand shocks the adjustment can be eased by migration of workers D) likely; labor force rules and policies can be harmonized more easily