Taxes represent:
A. a leakage of purchasing power, like saving.
B. an injection of purchasing power, like investment.
C. an injection of purchasing power, like government spending.
D. a leakage of purchasing power, like government spending.
A. a leakage of purchasing power, like saving.
You might also like to view...
Tobacco companies did not resist the advertising ban instituted in 1970 because they actually increased profits by not being allowed to advertise
This ban forced these companies to abandon their dominant strategy of advertising and wind up at a cooperative outcome of not advertising. Prior to the ban, the tobacco companies were involved in playing A) a pure coordination game. B) a prisoner's dilemma game. C) an assurance game. D) a battle of the sexes game.
Which of the following is an example of an implicit cost?
A) rent on a building B) the cost of fertilizer for a farmer C) the economic depreciation of capital equipment the business owns D) the cost of fuel and materials. E) wages paid to workers