The formula Es/(Es - Ed) is used to calculate the
A) deadweight loss from price support programs.
B) increase in consumer surplus from a price ceiling.
C) fraction of a specific tax that is passed through to consumers.
D) none of the above
C
Economics
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Instead of placing a tariff on the imports of steel, a government has decided to offer steel workers trade adjustment assistance which will allow them to pre-qualify for unemployment benefits and retraining. Such a policy is consistent with
A. the national pride argument. B. the developing worker argument. C. the specificity rule. D. the infant industry argument.
Economics
What matters most in determining efficient distribution of production over the world is
A. absolute advantage. B. efficiency. C. the stock of resources. D. comparative advantage.
Economics