A tax that creates an excess burden may nevertheless improve efficiency if
a. consumption of the good has been generating beneficial externalities.
b. consumption of the good has been generating no externalities.
c. consumption of the good has been generating detrimental externalities.
d. the good has been supplied by a monopolist.
c
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One difference between futures and options contracts is
A) funds change hands daily in the case of options but not with futures. B) funds change hands daily in the case of futures, but not with options. C) in the case of futures funds only change hands when they are exercised. D) futures are designed to reduce risk while options are not.
Given that the demand for unskilled labor curve is downward-sloping, an unintended effect of raising the minimum wage is that some people who worked at the lower wage will lose their jobs at the higher wage
Indicate whether the statement is true or false