If the elasticity of demand for a good is greater than the government expected:
a. Consumers will bear more of the burden of the tax than the government expected.
b. Producers will bear more of the burden of the tax than the government expected.
c. The tax will raise less revenue than the government expected

Total factor productivity encompasses

A) labor. B) capital. C) output. D) know-how.

If the Canadian dollar price of United States dollars increases from C$.80 to C$1.00, it can be concluded that:

A. Both countries are on the international gold standard B. The Canadian dollar has appreciated in value relative to the United States dollar C. The United States dollar has depreciated in value relative to the Canadian dollar D. The Canadian dollar has depreciated in value relative to the United States dollar