The deadweight loss from a tax
a. does not vary in amount when the price elasticity of demand changes.
b. does not vary in amount when the amount of the tax per unit changes.
c. is larger, the larger is the amount of the tax per unit.
d. is smaller, the larger is the amount of the tax per unit.
c
Economics
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Shuttle routes for colonial trade
a. lowered labor costs. b. reduced delays and costly extensions of port times. c. were more common than triangular trade patterns. d. allowed captains to negotiate with a small number of familiar trading partners. e. All of the above.
Economics
If a commercial bank holds 8 percent of deposits as reserves, then the value of money multiplier will be equal to 8
a. True b. False Indicate whether the statement is true or false
Economics