Consider the following statements when answering this question I. It is impossible to shift taxes from producers to consumers without hurting the latter. II. Only polluters pay (through production taxes) for the environmental damage they cause
A) I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) I and II are false.
D
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The colonial production of ________ led to transfer of water control knowledge from England to America
a. tobacco b. rice c. indigo d. cotton
What are floating exchange rates?
Assume that full-employment national income is Y = $1,200 billion, the current equilibrium national income is Y = $800 billion, and the MPC is 0.5 . What level of aggregate expenditure will close the recessionary gap?
a. $50 billion b. $80 billion c. $140 billion d. $200 billion e. $400 billion
A theorem is:
A. a set of equations that define a model. B. a policy rule that concludes that a particular course of action is preferable. C. a proposition that is logically true based on the assumptions of a model. D. the application of models combined with judgment.