Taxes:
A. may benefit many of the consumers in the market.
B. are sometimes used to correct market failures.
C. are sometimes used to transfer surplus from producers to consumers.
D. are sometimes used to transfer surplus from consumers to producers.
B. are sometimes used to correct market failures.
Economics
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The monetary approach basically looks at as the fundamental variable affecting exchange rates.
a. interest rates; short-run b. interest rates; long-run c. the price level; short-run d. the price level; long-run
Economics
With regard to its economic profits and economic losses, how is the short run different from the long run for a perfectly competitive firm?
What will be an ideal response?
Economics