In which of the following examples, would the tax burden most likely fall on the producer?
a. A producer can significantly increase production by hiring more staff and improving training.
b. A producer’s production method has recently been updated, increasing capacity.
c. A producer’s factory is in an area that significantly limits expansion, and he doesn’t have funds to relocate.
d. A producer’s factory is in an area that has few regulations for development.
c. A producer’s factory is in an area that significantly limits expansion, and he doesn’t have funds to relocate.
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Refer to the scenario above. If Frank discounts delayed utilities with a weight of 9/10, then which of the following statements is true?
A) He will eat both hotdogs and ice cream. B) He will eat hotdogs but avoid ice cream. C) He will eat ice cream but avoid hotdogs. D) He will avoid consuming both hotdogs and ice cream.
Countries like the United States use ________ to offset foreign export subsidies
A) quotas B) the escape clause C) countervailing duties D) government procurement