The Laffer Curve only applies to income taxes

A do-it-yourself approach to production is more likely when

a. technology is complex b. inputs are difficult to identify c. resources cannot easily be measured d. the price of inputs is known e. contracts are complex

If the demand for liquor is elastic and the supply of liquor is inelastic, when the government increases liquor tax, _____

a. most of the tax will be paid by the consumer b. most of the tax will be paid by the producer c. all of the tax will be paid by the consumer d. all of the tax will be paid by the producer e. the tax will be paid by the retailer