Calculate the dollar price of a German automobile worth 40,000 euros, if the dollar per euro exchange rate is 1.5

In the above figure, the relationship between the tax rate and tax revenue is positive and becoming less steep between tax rates of

A) 0 percent and 30 percent. B) 30 percent and 100 percent. C) 0 percent and 100 percent. D) None of the above answers are correct.

If a buyer in an economic transaction has more information than the seller, the buyer benefits at the expense of the seller. This phenomenon is due to

A) moral hazard. B) economically irrational behavior. C) gains from trade. D) adverse selection.