In which of the following instances would the deadweight loss of the tax on cartons of cigarettes increase by a factor of 9?
a. The tax on cartons of cigarettes increases from $10 to $11.11.
b. The tax on cartons of cigarettes increases from $10 to $20.
c. The tax on cartons of cigarettes increases from $10 to $30.
d. The tax on cartons of cigarettes increases from $10 to $90.
c
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Full-employment equilibrium occurs when...
What will be an ideal response?
Which of the following is NOT considered a measure of firm conduct?
A. Lerner index of pricing behavior B. Research and development measures C. Dansby-Willig index D. Advertising measures
Let C = 70 + 0.75y and I = 40. Assume no government or foreign sectors. Investment needs to increase by ________ to increase equilibrium output by a total of $600
A) $30 B) $150 C) $560 D) $600
The average level of effective protection has exceeded 300% for which of the following countries?
(a) Pakistan and Uruguay. (b) Argentina and Brazil. (c) Philippines and Mexico. (d) India and China.