The burden of a tax is
A. the amount of revenue that the government raises from the tax.
B. what it would cost in alternative tax revenue to provide the same level of service.
C. greater as the total revenue from the tax decreases.
D. the amount the taxpayer would have to be given to be just as well off in the presence of the tax as in its absence.
Answer: D
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The short-run aggregate supply curve is most likely to shift to the right if ________.
A. productivity decreases B. input prices decrease C. wages increase D. sales taxes increase
The fiscal and monetary policy alternative to fine-tuning is
A) abandonment of both fiscal and monetary policy. B) abandonment of fiscal policy in favor of exclusive reliance on monetary policy. C) budgets established for the long term and a steady growth rate for the money stock. D) price and wage controls. E) redistribution of income in favor of those with a higher propensity to spend.
Cigarette companies favored a ban on cigarette advertising
What will be an ideal response?
The argument that trade in high-tech equipment can facilitate the implementation of advanced military technology in countries that may become strategic opponents later on is the
A. infant industry argument. B. national security argument. C. environmental and safety argument. D. protecting domestic jobs argument.