A head tax applied to each person in the United States would
A. always be proportional.
B. not significantly distort incentives to work.
C. generally be a progressive tax.
D. likely have significant shifting of tax incidence.
Answer: B
Economics
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Suppose that the absolute price elasticity of demand for hamburger is 1.5 and that the absolute price elasticity of demand for steak is 2.5. Then the absolute price elasticity of demand for beef will be
A) less than 1.5. B) more than 2.5. C) between 1.5 and 2.5. D) equal to 1.5.
Economics
If a business figures out a better way for management to supervise the activities of the rank and file workers, the result would be
A. an increase in supply. B. an increase in the quantity supplied. C. a decrease in supply. D. a decrease in the quantity supplied.
Economics