A competitive equilibrium fails to be a Pareto Optimum with a distorting tax because
A) the consumer's budget constraint has an additional kink.
B) the firm is no longer maximizing profits.
C) the government wastes its revenue.
D) the consumer faces a different effective wage than the firm.
D
Economics
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Refer to Table 19-11. Nominal GDP for Tyrovia in 2016 equals
A) $1,140. B) $880. C) $690. D) $560.
Economics
Bank capital is equal to ________ minus ________
A) total assets; total liabilities B) total liabilities; total assets C) total assets; total reserves D) total liabilities; total borrowings
Economics