Which of the following is true of a corrective tax?
a. It is also referred to as Pigouvian tax
b. It increases the deadweight loss caused by negative externalities.
c. It is inflexible compared with command-and-control regulation.
d. It needs to be updated with advances in technology.
a
Economics
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The elasticity measure which has been employed by the courts to assess the degree of market competition is
a. price elasticity of demand. b. income elasticity of demand. c. cross elasticity of demand. d. inverse elasticity of demand.
Economics
In 2010, about what percentage of the world's land area was forested?
A. 10 percent B. 30 percent C. 50 percent D. 75 percent
Economics