If the tax on a good is tripled, the deadweight loss of the tax
a. remains constant.
b. triples.
c. increases by a factor of 9.
d. increases by a factor of 12.
c
Economics
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It is better to protect an infant industry with _______ than ________.
a. a voluntary export restraint; a quota b. a voluntary export restraint; a tariff c. a tariff; a quota d. a quota; a tariff
Economics
College education provides higher income for the individual but also a more productive and more educated person who will contribute to society in many ways. Higher education is an example of:
A. a nonexcludable service. B. a negative externality. C. adverse selection. D. a positive externality.
Economics