Between 1810 and 1860, the value of slaves in the United States
a. nearly doubled.
b. tripled.
c. increased nearly fourfold.
d. increased nearly tenfold.
d. increased by nearly tenfold
Economics
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If the tax on a good is increased from $0.30 per unit to $0.90 per unit, the deadweight loss from the tax
a. remains constant. b. increases by a factor of 4. c. increases by a factor of 9. d. increases by a factor of 16.
Economics
A vice president of a company argues that the president of the company should raise workers’ wages if the president wants less absenteeism. The president says that wages probably should be cut so that the workers could not afford to miss so much work
Evaluate the two views using the income and substitution effects in your analysis. Please provide the best answer for the statement.
Economics