The surplus that is lost and not converted to tax revenue when a tax is imposed is:
A. deadweight loss.
B. value that disappears.
C. not transferred to anyone else.
D. All of these statements are true.
D. All of these statements are true.
Economics
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Technological advancements in the antebellum period were
(a) constant and stable. (b) almost non-existent. (c) concentrated in manufacturing. (d) slow in coming but labor-saving—especially in agriculture—when they emerged.
Economics
Stephanie listens to punk rock because her friends do. This is
A) a positive sum game. B) collusion. C) positive market feedback. D) negative market feedback.
Economics