A tax on a good causes the size of the market to increase
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Historically, the largest U.S. federal budget deficits as a percentage of GDP in the 20th century occurred during
A) World War I and World War II. B) the Great Depression. C) 1970-1997. D) the Vietnam war. E) 1998-1999.
Economics
When more firms enter an industry:
A. the industry supply curve will shift right. B. the amount produced by each of the new firms will be less than the amount produced by each of the original firms. C. the amount produced by each of the new firms will be greater than the amount produced by each of the original firms. D. the industry supply curve will shift left.
Economics