The government unit that wants to achieve "revenue enhancement" will find it considerably more favorable to enact an excise tax on goods whose demand is
A) highly elastic.
B) relatively elastic.
C) highly inelastic.
D) unitary elastic.
C
Economics
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An increase in the real exchange rate
A) makes imports more expensive. B) makes imports less expensive. C) does not affect import values. D) always makes the number of imports rise. E) makes domestic consumers spend more on only foreign imports.
Economics
Refer to the below table. The rise in percentage of income received from before taxes and transfers to after taxes and transfers is greatest for the:
A. Lowest 20% of households
B. Third 20% of households
C. Fourth 20% of households
D. Highest 20% of households
Economics