Within neoclassical growth theory, technological change ________ saving and ________ investment

The Coase Theorem states that ________

A) positive externalities lead to higher market prices B) negative externalities lead to lower equilibrium output C) transaction costs are higher in free markets D) negotiation between economic agents leads to an efficient allocation of resources

The burden of a tax is

a. the amount of revenue that the government raises from the tax. b. what it would cost in alternative tax revenue to provide the same level of service. c. greater as the total revenue from the tax decreases. d. the amount the taxpayer would have to be given to be just as well off in the presence of the tax as in its absence.