In the figure above, imposing a tax on the product results in a division in which
A) all of the tax is paid by the buyers.
B) all of the tax is paid by the sellers.
C) the buyers and sellers pay the same amount.
D) neither the buyers nor the sellers pay the tax.
A
Economics
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If the forward rate is greater than the spot rate, what are markets signaling about their expectations for the future spot rates for the home currency?
What will be an ideal response?
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Which of the following would cause a firm's LRAC curve to shift up?
A) An increase in the amount of "learning by doing." B) An increase in the price of labor, all else constant. C) An increase in the amount of output produced by the firm. D) A decrease in the amount of capital employed by the firm.
Economics