When a good is taxed, the tax revenue collected by the government equals the decrease in the welfare of buyers and sellers caused by the tax

If an economic agent's returns to entrepreneurship is likely to be lower than his opportunity cost of entrepreneurship:

A) he will choose to be an entrepreneur. B) he will always make profits if he chooses to be an entrepreneur. C) he will always make losses if he chooses to be an entrepreneur. D) he will not choose to be an entrepreneur.

During the Great Depression of 1929–1933,

a. the Fed allowed the money supply to contract substantially. b. the Fed increased the money supply sharply. c. Congress cut tax rates sharply. d. Congress cut tariffs substantially.