The incidence of a tax:
A. falls entirely on suppliers if supply is perfectly elastic.
B. falls entirely on suppliers if demand is perfectly inelastic.
C. falls entirely on consumers if supply is perfectly elastic.
D. falls entirely on consumers if demand is perfectly elastic.
C. falls entirely on consumers if supply is perfectly elastic.
Economics
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Does it appear that currency boards make fixed exchange rates credible?
What will be an ideal response?
Economics
The number of people officially unemployed is not the same as the number of people who can't find a job because:
a. the armed forces is included. b. some people have jobs but continue to look for a better one. c. some people who can't find a job become discouraged and quit looking. d. none of these.
Economics