Inflation refers to a one-time price increase in a particular market

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

False

Economics

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A sales tax creates a deadweight loss because

A) there is some paper work opportunity cost of sellers paying the sales tax. B) demand and supply both decrease. C) less is produced and consumed. D) citizens value government goods less than private goods. E) the government spends the tax revenue it collects.

Economics

It has been found that people die at a much higher rate in hospitals than in most other environments, leading some to conclude that hospitals cause death. What is the problem with this reasoning?

Economics