Refer to the below graph. It shows the supply curve for a product before tax (S0) and after an excise tax is imposed (S1). If 500 units of the product are sold after the tax is imposed, the amount of tax revenue going to the government is:

Some economists believe that the Asian crisis in 1997

A) could have been avoided if stronger action had been taken by major countries and international agencies. B) was inevitable since most of the economies were experiencing slow economic growth. C) was made worse by the refusal of the IMF to take any actions. D) was necessary to rid those economies of inflation.

The majority of economists believe that future innovations will not be transformational enough to sustain high economic growth rates in the U.S. and western Europe

a. True b. False Indicate whether the statement is true or false