Because taxes distort incentives, they typically result in
a. deadweight losses.
b. reductions in consumer surplus.
c. reductions in producer surplus.
d. All of the above are correct.
d
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In the Sunday newspaper, there are usually coupons that you can clip and take to the store to save money on products. Anyone can buy a newspaper, and the value of the coupons easily exceeds the price of the newspaper for most consumers
Is this an example of price discrimination? Explain.
As savings grow in an economy, economic growth rises
a. True b. False Indicate whether the statement is true or false
A good is produced by a firm in 2009, added to the firm's inventory in 2010, and sold to a household in 2010 . As a result, on net,
a. 2009 GDP increased and 2010 GDP decreased. b. 2009 GDP decreased and 2010 GDP increased. c. 2009 GDP did not change and 2010 GDP increased. d. 2009 GDP increased and 2010 GDP did not change.
When the Fed purchases government bonds the money supply _____ and the federal funds rate _____
Fill in the blank(s) with correct word