Suppose a tax on buyers has been imposed in the graph shown. The amount of deadweight loss generated by this tax is:
A. $0.
B. $18.
C. $36.
D. $72.
B. $18.
Economics
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The Navigation Acts:
a. required certain commodities to be traded within the British empire only. b. provided for the free trade of colonial goods, including tobacco, indigo and sugar. c. required all colonial trade to be carried on English vessels. d. were abolished in 1700. e. both a and c are correct.
Economics
Less restrictive immigration policies would shift the labor demand to the right
Indicate whether the statement is true or false
Economics
There have been __________ recessions since World War II that have lasted over one year.
A. one B. two C. three D. four
Economics
The classic examples of natural monopolies over the years have been
A. public utilities. B. auto manufacturers. C. retail trade. D. agriculture.
Economics