The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as
a. deadweight curve
b. tax revenue curve
c. Laffer curve
d. Reagan curve
e. none of the above is correct
c. Laffer curve
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What assets are included in M1? In M2? Is all of M1 and M2 money? If some assets of M1 or M2 are not money, why are they included in M1 or M2?
What will be an ideal response?
Refer to the scenario above. The principal in this case is ________
A) $10 B) $300 C) $3,000 D) $3,300
Suppose there are 100 identical firms in the rag industry, and each firm is willing to supply 10 rags at any price. The market supply curve will be a(n)
A) vertical line where Q = 10. B) vertical line where Q = 100. C) vertical line where Q = 1000. D) horizontal line where Q = 1000.
The airline and long-distance telephone service industries are examples of
a. monopolistic competition b. monopolies c. oligopolies d. perfect competition e. oligopolistic competition