One way to minimize the deadweight loss resulting from a specific tax is to
a. tax only wealthy firms and individuals.
b. spread the tax over many goods and services.
c. tax goods for which either supply or demand is inelastic.
d. tax luxury items such as yachts and sports cars.
c
Economics
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If Quick Auto Service increases the size of its shop, enabling it to purchase cost-saving capital equipment so that the cost of servicing a car falls, this would be an example of
A) economies of scope. B) economies of scale. C) monitoring. D) increasing transactions costs.
Economics
What are the two primary sources of economic growth in China since 1980?
What will be an ideal response?
Economics