A specific tax on sellers will
A) shift the demand curve to the right.
B) shift the demand curve to the left.
C) shift the supply curve to the right.
D) shift the supply curve to the left.
D
Economics
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Which of the following would shift the production function upward?
A. an increase in the price of oil B. an improvement in technology C. a decrease in the supply of labor D. a decline in the birth rate
Economics
Jim's Nursery produces and sells $1100 worth of flowers. Jim uses no intermediate inputs. He pays his workers $700 in wages, pays $100 in taxes and pays $200 in interest on a loan. Jim's profit is
A) $100. B) $200. C) $400. D) $800.
Economics