The figure above shows the market for tires. The figure shows that the government has imposed a tax of ________ per tire
A) $10
B) $30
C) $40
D) $60
E) None of the above answers is correct.
B
Economics
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To the extent that a direct expenditure offset results from an expansionary fiscal policy,
A) the fiscal policy will not be discretionary. B) the time lags associated with the implementation of fiscal policy will shorten. C) the stimulative effect will be less than anticipated. D) the stimulative effect will be more than anticipated.
Economics
Taco Bell produces both tacos and burritos because when it does so, Taco Bell experiences
A) economies of scope. B) decreasing scope of costs. C) increasing normal profit. D) economies of scale.
Economics