An advantage of a unit tax is that the relative price changes have no effect on the tax per unit
a. True b. False
a
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Which of the following statements is true?
A) Cultural and geographical conditions of a nation can be considered proximate causes of prosperity. B) Stock of human capital and the geography of a nation can be considered fundamental causes of prosperity. C) Stock of human capital and physical capital available to a nation can be considered proximate causes of prosperity. D) Stock of human capital and the geography of a nation can be considered proximate causes of prosperity.
The overriding objective of a cartel is to maximize the amount of profit each of its members can earn through cooperation with the other members
Indicate whether the statement is true or false
Ricardian equivalence implies a tax multiplier of zero
a. True b. False
The statistical measure of the weighted average of prices of goods purchased by a typical individual is called the
A. Producer Price Index. B. Consumer Price Index. C. Gross Domestic Product (GDP) deflator. D. Personal Consumption Expenditure Index.