The government proposes a tax on flowers in order to boost its revenue. Consumers will bear no part of this tax if the:
a. demand for flowers is perfectly inelastic.
b. supply of flowers is perfectly elastic

The decision by a nation to join a currency union is based on:

A) the size of the nation's GDP. B) the diversification of its industry and population. C) the cost of designing, printing, and managing a national currency. D) the costs of abandoning a national currency versus the benefits of a common currency.

Which of the following statements is TRUE about the market demand curve for labor?

A) The market demand curve is the sum of the individual firm's demand curve. B) The market demand curve will be perfectly inelastic since firms need labor. C) The market demand curve shows the quantities of labor demanded by all firms in the industry at various marginal products. D) The market demand curve depends upon labor productivity, the wage rate and the price of the final product.