New classical economists believe that wages are inflexible

If an economy is operating at a point outside the PPC, either the society has resources that are not being fully used or production is not efficient

a. True b. False Indicate whether the statement is true or false

The share of the burden of an emissions tax on output borne by the consumer of the polluting output will rise as

a. the tax rises. b. demand elasticity falls. c. demand elasticity rises. d. the tax falls.