Which of the following is TRUE about the effects of an excise tax if consumers are totally unresponsive to price changes?
A) Consumers pay all of the excise tax.
B) Producers pay all of the excise tax.
C) Consumers and producers share the excise tax equally.
D) Neither consumers nor producers pay the excise tax.
A
Economics
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The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are too willing to offer discounts b. the sales staff does not want to negotiate aggressively enough c. the Vice President wants to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale
Economics
If the interest rate is r percent, then the rule of 70 says that your savings will double about every
a. 70/(1 - r) years. b. 70/(1 + r) years. c. 70/r years. d. 70(1 + r)/r years.
Economics