The statement "A tax cut would be the fairest way to stimulate the economy" is an example of positive economic analysis

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

False

Economics

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For a given elasticity of demand, the less elastic the supply, the

A) larger the deadweight loss from a tax. B) larger the share of a tax paid by the sellers. C) greater the burden on the government from a tax. D) greater is the excess burden from a tax. E) larger the share of a tax paid by the buyers.

Economics

Suppose a company wanted to try to improve the health of its workers as part of its health initiative program. When constructing a new building, it decides to put the elevators significantly farther than the stairs from the main entrance. This would be considered as an example of a(n):

A. push. B. irrational behavior. C. laissez-faire policy. D. nudge.

Economics