The human-capital theory of education maintains that workers who complete specific levels of education enhance their productivity through education

The economic burden of an excise tax

a. can usually be partially shifted from buyers onto sellers. b. equals the revenue from the tax. c. is less than the burden of an income tax that would raise the same revenue. d. is shared equally by buyers and sellers.

The price elasticity of demand measures

A) changes in demand. B) how responsive market prices are to a change in demand. C) how responsive consumers are to a change in price. D) how responsive consumers are to a change in income.