Imposing a unit excise tax on the final sale of a good or service can be displayed graphically as
A) a vertical shift upward of the demand curve.
B) a vertical shift upward of the supply curve.
C) a vertical shift downward of the demand curve.
D) a vertical shift downward of the supply curve.
Answer: B
Economics
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Because employment actually continued to fall at the beginning of the recoveries that began in 1991, 2001, and 2009, these recoveries have come to be known as
A) pseudo recoveries. B) non-recoveries. C) double-dip recoveries. D) jobless recoveries.
Economics
When costs that vary with the level of output are divided by the output, you have calculated:
a. total changing cost. b. total fixed cost. c. average fixed cost. d. average variable cost.
Economics