If the government's goal is to alter people's behavior through taxation, taxing goods with relatively elastic demand and supply would be most effective.
Answer the following statement true (T) or false (F)
True
When demand is elastic, people respond more to the price change caused by the tax.
Economics
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In return for their services in the primary securities market, investment banks earn a fee called a(n)
A) underwriting spread. B) bid-asked spread. C) dealer's spread. D) broker's spread.
Economics
The principal reason(s) that so much U.S. currency is held outside the U.S is (are) ________
A) many people around the world trust the U.S. dollar more than any other currency B) banks all around the world find it convenient to hold large amounts of U.S. dollars C) U.S. citizens and corporations spend a lot of dollars abroad D) all of the above E) none of the above
Economics