Refer to Figure 18-1. Area B + C 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.
A
Economics
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The money supply, as measured by M1, consists almost entirely of currency
Indicate whether the statement is true or false
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What does new technology generally do to production?
(A) It lowers cost and decreases supply. (B) It lowers cost and increases supply. (C) It has very little effect on production. (D) It increases cost and decreases supply.
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