Which of the following would be the best choice for the government of Paulina if it decides to increase its tax revenue?
a. Taxing a commodity with an elastic supply
b. Taxing a commodity with an inelastic supply
c. Reducing the tax on a commodity with an elastic demand
d. Reducing the tax on a commodity with an inelastic demand
b
Economics
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Absorption refers to
A) the total amount of imports purchased by a country. B) the net amount of imports purchased by a country. C) total spending by domestic residents, businesses, and governments. D) GDP less desired consumption, desired investment, and government purchases.
Economics
Which of the following statements is TRUE?
A) APC + APS = 1 B) APC + APS < 1 C) APC + MPS = 1 D) APC + APS + MPC + MPS = 1
Economics