The term tax incidence refers to how the burden of a tax is distributed among the various people who make up the economy
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following is an example of a long-run adjustment?
A) Wal-Mart builds another Supercenter. B) A soybean farmer turns on the irrigation system after a month long dry spell. C) Your university offers Saturday morning classes next fall. D) Ford Motor Company lays off 2,000 assembly line workers.
Economics
Between points "b" and "c" in the above figure, the opportunity cost of 250 more bushels of corn is
A) 200 yards of cloth. B) 250 yards of cloth. C) 600 yards of cloth. D) 800 yards of cloth.
Economics