If a government wants to maximize revenues from a tax, it should
A) impose it on sellers.
B) impose it on consumers.
C) choose a good with a relatively elastic demand.
D) choose a good with a relatively inelastic demand.
D
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When the natural unemployment rate increases, the short-run Phillips curve ________ and the long-run Phillips curve ________
A) shifts rightward; shifts rightward B) does not shift; shifts leftward C) shifts rightward; does not shift D) shifts leftward; does not shift E) shifts leftward; shifts rightward
[NeedAttention]
Exhibit 30-5
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The mid-1990s political debate on welfare resulted in Congress legislating in August of 1996,
a. the Taft-Hartley Act b. the Small Business Job Protection Act c. Graham-Rudman-Hollings d. the Wilmot Proviso e. the Personal Responsibility and Work Opportunity Reconciliation Act
In a deposit-refund system,
a. the refund component compensatesthe consumer for proper waste disposal or recycling activities b. the deposit component should be set equal to the MSC of illegal waste production c. the costs of monitoring and enforcement are higher than if a pollution charge were used d. actual polluters are not penalized for decisions that pose a risk to the environment