If the government wanted a tax to not burden consumers much, it would want to tax an industry with:
a. elastic supply and demand curves.
b. inelastic supply and demand curves.
c. inelastic supply and elastic demand.
d. elastic supply and inelastic demand.
c
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Refer to the scenario above. If Maria borrows her parents' car and pays for only the gasoline, what is her total cost of driving to destination A?
A) $90 B) $250 C) $300 D) $340
The major assets and liabilities of a bank are
a. demand deposits and reserves, respectively b. demand deposits and gold, respectively c. reserves and demand deposits, respectively d. reserves and excess reserves, respectively e. demand deposits and excess reserves, respectively
Barter transactions involve a double coincidence of wants
a. True b. False Indicate whether the statement is true or false
If output Q = 8.5e (e = units of effort) and Wage, W = $6.70 + 0.25Q, then 20 units of effort are worth ________ to the firm.
A. $0.425 B. $35.80 C. $49.20 D. $170.00