The graph shown demonstrates a tax on sellers. What is the amount of tax revenue being generated from the tax?

A. $310
B. $135
C. $80
D. $150

Answer: D

Economics

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Incrementalism describes the notion that _____

a. an agency's budget increases a small amount each year b. only one or two new programs are added to the budget every year c. government employees should only receive a cost-of-living adjustment annually d. government is slow to act because it is politically difficult to do so

Economics

The size of a country's "economic pie" is thought of as the total dollar value of all goods and services produced during some period of time. The economic pie

a. is a fixed total waiting to be divided up among people. b. determines how much wealth an individual can obtain. c. is variable, not fixed, across time periods. d. depends solely upon the natural resources of a country.

Economics