Tax laws affect

A) economic efficiency but not equity.
B) consumption and production, not efficiency and equity.
C) both efficiency and equity.
D) equity but not economic efficiency.

C

Economics

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Refer to Table 4-13. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus?

A) $600 thousand B) $300 thousand C) $150 thousand D) $30 thousand

Economics

An optimum currency area functions best when labor is immobile from country to country

a. True b. False

Economics