Suppose Darby values a certain smart phone at $400 . Jake values the same smart phone at $300 . The pre-tax price of this smart phone is $250 . The government imposes a tax of $75 on each smart phone, and the price rises to $325 . The deadweight loss from the tax is

An exponential reserve index assumes

a. That economically recoverable reserves will increase exponentially b. That consumption will increase exponentially c. That the resource lifetime will increase exponentially d. That identified reserves will increase exponentially e. That undiscovered reserves will increase exponentially

The government wants to increase its spending by $1 billion to stimulate the economy and is counting on the government spending multiplier to hel

A) constructing more low income housing B) a new cruise missile for the military C) expanding the school lunch program D) providing textbooks for college students