If buyers pay more of a tax than do the sellers,
A) demand is more elastic than supply.
B) the amount of tax revenue collected by the government is almost zero.
C) supply is more elastic than demand.
D) the equilibrium price paid by buyers rises by less than half the amount of the tax.
E) None of the above answers is correct.
C
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An international financial crisis is most often caused by
A) foreign investments and loans being withdrawn from a nation. B) a drop in the value of the U.S. dollar. C) a nation's central bank lowering domestic interest rates. D) a government refusing to pay its dues to the United Nations.
A person using a discount rate, or 0%, is going to consider the concept of sustainability
A. just a fancy term oil and gas companies use to argue for increased rights to drill. B. as wise. C. as unwisely focusing on the present. D. as overly weighting the future.