Concepts useful in evaluating the costs and benefits of alternative types of taxes are:
A. efficiency, incidence and scarcity.
B. revenue, scarcity, and shortage.
C. incidence, scarcity, and shortage.
D. efficiency, revenue and incidence.
D. efficiency, revenue and incidence.
You might also like to view...
If the Fed’s monetary policy causes a substantial decrease in interest rates, what is the most likely impact on velocity?
A. Velocity will decrease. B. Velocity will increase. C. Velocity will remain constant. D. Velocity is unrelated to interest rates.
A consequence of the quota that has been imposed on the importation of sugar into the United States is
A) competition in the U.S. sugar market is reduced. B) the market for sugar in the United States has become monopolistically competitive rather than oligopolistic. C) the cost of producing cereal, chocolate, and candy products in the United States is reduced. D) consumers are protected from eating unsafe products made from cheap imported sugar.
The opportunity cost of going to the movies is always the same for everyone
a. True b. False Indicate whether the statement is true or false
Plots of land differ in
a. quality of soil. b. topography. c. proximity to marketplaces. d. All of the above are correct.