As the size of a tax increases, the government's tax revenue rises, then falls
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Suppose a chemical plant regularly dumps chemicals into a river that must be cleaned up before farmers located downstream can use the water on their crops
Dumping the chemicals into the river saves the chemical plant $750,000 in yearly disposal costs and cleaning the water costs farmers $825,000 each year. Explain what the benevolent social planner would like to see happen in this case.
Economics
A positive demand shock causes a ________ the IS curve and a ________ the aggregate demand curve
A) movement up along; shift to the right of B) shift to the right of; movement down along C) movement down along; movement down along D) shift to the right; shift to the right of
Economics