To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Referring to the above figure, the area that equals the tax revenue the government raises from this tax on sports equipment is
A) P1P3ed.
B) ecd.
C) P0P2ca.
D) P1P2cb.
C
You might also like to view...
In a simple economy without government or the foreign sector, saving must equal investment because output is divided into consumption and investment, and income is either consumed or saved
Indicate whether the statement is true or false
The major policy-making group within the Fed is the __________ Committee
A) Federal Reserve Tax B) Federal Reserve Banking C) Federal Open Market D) Federal Reserve Decision-Making E) Regional Bank
A currency board
A. monitors conditions imposed by the International Monetary Fund (IMF) when it makes a loan to a country. B. establishes a fixed exchange rate by holding only foreign-currency assets and exchanging foreign currency for domestic currency. C. was a key mechanism in the process of European Monetary Union D. establishes the equivalent of a strong fixed exchange rate by mandating the domestic use of a foreign currency.
You accidentally run into your next door neighbor's fence and destroy it. Your neighbor sues you and you are required to pay $1,000 to repair the fence. This is an example of
A. the Coase theorem. B. a liability rule. C. the free-rider problem. D. an injunction.