Refer to Figure 18-1. Area F + G represents
A) the portion of sales tax revenue borne by consumers.
B) the portion of sales tax revenue borne by producers.
C) the excess burden of the sales tax.
D) sales tax revenue collected by the government.
B
Economics
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One difficulty in achieving international coordination is that
A) central banks often must compromise for the good of both nations. B) one nation is always made worse off. C) monetary union is required. D) sterilization is often politically unpopular.
Economics
GDP would be a better measure of economic well-being if it included:
A. the value of leisure. B. the market value of final goods. C. the total value of intermediate goods. D. the costs of education.
Economics