The excess burden of a tax is $5,000 and the tax revenue from this tax is $15,000. The total burden of this tax is
A. $3,000.
B. $5,000.
C. $10,000.
D. $20,000.
Answer: D
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Sonja paid $15,000 in taxes after having earned $100,000 . Amanda paid $22,000 in taxes after having earned an income of $146,667.This is an example of a proportional tax
a. True b. False Indicate whether the statement is true or false
The current price of a stock increases when:
A. expected future dividends decrease. B. the expected future price of the stock decreases. C. the perceived riskiness of the stock increases. D. interest rates decrease.
A person has a comparative advantage in an activity whenever she
A) has an absolute advantage in the activity. B) can perform the activity at a lower opportunity cost than another person can. C) can do the activity in less time than anyone else. D) can do everything better than anyone else.
A country that creates competitive advantage where there are not comparative advantages misallocates its resources and has lower national well-being
Indicate whether the statement is true or false