A tax increase has
a. a multiplier effect but not a crowding out effect
b. a crowding out effect but not a multiplier effect
c. both a crowding out and multiplier effect
d. neither a multiplier or crowding out effect
c
Economics
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Assume foreign beer is a normal good. If the incomes of demanders decreases,
A) the demand for foreign beer will increase. B) the quantity supplied of foreign beer will increase. C) the market output of foreign beer will increase. D) all of the above will occur. E) none of the above will occur.
Economics
If the average cost of producing a good is increasing as a firm produces more of the good, then which of the following must be TRUE?
A) AFC is falling. B) AVC is rising. C) MC > AVC. D) All of the above.
Economics