Between 1860 and 1910, the labor force in agriculture
(a) dwindled to historic lows.
(b) decreased at a slow steady pace.
(c) increased but not at the same rate as the total labor force.
(d) stayed the same.
(c)
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Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, what is the size of the deadweight loss, if there is any?
A) the area adc if the supply curve is S0 and the area bec if the supply curve is S1. B) the area becf under either supply curve. C) the area afcd if the supply curve is S0 and the area bfce if the supply curve is S1. D) There is no deadweight loss; revenue raised is used to fund government projects.
The rights of state and local government to regulate, license and control businesses were taken away after the American Revolution
Indicate whether the statement is true or false