A family on a trip budgets $800 for meals and gasoline. If the price of a meal for the family is $50, how many meals can the family buy if they do not buy any gasoline?

The actual division of a tax between buyers and sellers in a market is the excess burden of the tax

Indicate whether the statement is true or false

The difference in present value between a perpetuity that promised $1 per year starting today and one that promised $1 per year starting next year is

a. 0. b. $1. c. $1/(1 + r). d. $r/(1 + r).