Taxing some citizens to provide welfare grants to other citizens has been called by some "coercive charity." The economist's case for "coercive charity" assumes
A) it is efficient to transfer a dollar from a wealthy person to someone with little income.
B) morality cannot be legislated.
C) people are basically selfish.
D) people who genuinely want the poor to be helped often do not provide any help.
E) redistributing income promotes more rapid economic growth.
D
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What will happen when there is a rightward shift in the demand curve?
A) The product price will instantaneously adjust downward. B) Product prices do not change in this situation. C) Producers will decrease the product price. D) A new, higher price is not instantaneously achieved, but the price will rise over time.
When a tax is imposed on buyers, consumer surplus and producer surplus both decrease
a. True b. False Indicate whether the statement is true or false