The government imposes a sales tax on hot dogs. The tax would be paid entirely by the hot dog buyers if the
A) supply is perfectly elastic.
B) supply is perfectly inelastic.
C) demand is perfectly elastic.
D) None of the above answers is correct.
A
Economics
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Structural unemployment can be caused by all of the following EXCEPT:
A) minimum wages. B) labor unions. C) efficiency wages. D) fluctuations in the business cycle.
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If the marginal propensity to consume is 0.75, the marginal propensity to save is
A) 0.25. B) 0.5. C) 1. D) 3.
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