Tax incidence is:
A. the difference between what the buyers pay and what the sellers receive in a market where taxes are present.
B. the relative tax burden borne by buyers and sellers.
C. the generated revenue that comes from taxes in markets.
D. the difference between the tax revenue generated and the value of deadweight loss caused by the imposition of the tax.
B. the relative tax burden borne by buyers and sellers.
Economics
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Define the "consumption function."
What will be an ideal response?
Economics
Money is assumed to earn
A) no interest at all, being just currency in hand. B) in checkable deposit form a rate below "the interest rate." C) in checkable deposit form a rate equal to "the interest rate." D) in checkable deposit form a rate above "the interest rate."
Economics