Which of the following should be expected if the tax for a certain good increases?
A. price of the good increases.
B. the composition of the commodity bundle is distorted.
C. the budget line pivots out.
D. the composition of the commodity bundle is distorted and the price of the good increases.
D. the composition of the commodity bundle is distorted and the price of the good increases.
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It is believed that in order to promote growth, a top priority of the World Bank and the International Monetary Fund is to
A) focus on basic market foundations of guaranteeing property and contract rights. B) promote the increase of dead capital. C) make more loans. D) join forces and merge into one unit.
A company raises funds by selling 5 million shares of common stock to 5,000 shareholders and $1 million bonds to 1,000 bondholders. The number of individuals who vote for the company's board of directors is
A) 6,000. B) 5,000. C) 1,000. D) 5,000,000.