The tax wedge in the figure above is equal to ________ per hour, which creates an after-tax real wage rate of ________ per hour and employment of ________ billion hours per year
A) $10; $35; 250 B) $10; $35; 200 C) $15; $20; 200 D) $5; $35; 200 E) $15; $30; 250
C
Economics
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When external costs are present and government imposes a tax equal to the external marginal cost, then efficiency can be achieved
Indicate whether the statement is true or false
Economics
On June 3, 2005, it cost 1.22 U.S. dollars to buy 1 euro. How many euros did it take to buy 1 U.S. dollar?
A. 0.82 euros B. 0.88 euros C. 1.22 euros D. 88 euros
Economics