For a good that is taxed, the area on the relevant supply-and-demand graph that represents government's tax revenue is a
a. triangle.
b. rectangle.
c. trapezoid.
d. None of the above is correct; government's tax revenue is the area between the supply and demand curves, above the horizontal axis, and below the effective price to buyers.
b
You might also like to view...
The two main characteristics of the production function are
A) it slopes downward from left to right, and the slope becomes flatter as the input increases. B) it slopes upward from left to right, and the slope becomes steeper as the input increases. C) it slopes upward from left to right, and the slope becomes flatter as the input increases. D) it slopes downward from left to right, and the slope becomes steeper as the input increases.
?For a mortgage lender that makes mortgage loans to borrowers, which one of the following would be an example of adverse selection?
a. After the loan has been made, individuals become careless with their finances
b. Individuals most likely to default are the ones most likely to apply for the loan
c. Borrowers investing their loan proceeds differently than the bank requires
d. None of the above
A government agency charged with enforcing antitrust laws is
A. the Federal Reserve Board. B. the National Labor Relations Board. C. the Federal Trade Commission. D. the Council of Economic Advisors.
Refer to the information provided in Figure 11.1 below to answer the question(s) that follow. 
Figure 11.1 Refer to Figure 11.1. If the market rate of interest is 8%, this firm's investment will total
A. $5,000. B. $7,000. C. $12,000. D. $15,000.