The recognition that _____ plays a profound role in many developing nations has led to more attention to this factor when choosing an exchange rate regime.

Refer to the above graph. To maximize profits, the firm should produce the quantity:

a. 0C b. 0A c. 0K d. 0B

Which of the following statements is correct regarding the imposition of a tax on gasoline?

a. The incidence of the tax depends upon whether the buyers or the sellers are required to remit tax payments to the government. b. The incidence of the tax depends upon the price elasticities of demand and supply. c. The amount of tax revenue raised by the tax depends upon whether the buyers or the sellers are required to remit tax payments to the government. d. The amount of tax revenue raised by the tax does not depend upon the amount of the tax per unit.