Which statement is false?
A. When two countries trade, both gain from the trade.
B. In international trade some countries are winners and others are losers.
C. For most of the 20th century we had a positive balance of trade.
D. None of these statements are false.
B. In international trade some countries are winners and others are losers.
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The term tax incidence refers to
A. widespread view that taxes (and death) are the only certainties in life. B. whether the demand curve or the supply curve shifts when the tax is imposed. C. the distribution of the tax burden between buyers and sellers. D.whether buyers or sellers of a good are required to send tax payments to the government.
Legislation that contains a number of projects benefiting local interests at the expense of the general taxpayer is called
a. balanced-budget legislation. b. pork-barrel legislation. c. voucher legislation. d. public-goods legislation.