Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the producer?

A) $2
B) $1
C) $3
D) unable to determine

B

Economics

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A chain saw is an example of which of the following factors of production?

a. Land. b. Labor. c. Capital. d. None of these.

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If a country's purchases of foreign assets exceeds foreign purchases of domestic assets, that country has

a. positive net exports and positive net capital outflows. b. positive net exports and negative net capital outflows. c. negative net exports and positive net capital outflows. d. negative net exports and negative net capital outflows.

Economics