Suppose that nineteenth-century politicians had succeeded in their attempt to impose a “single tax”—a tax on suppliers of land (i.e., landlords). Most of the economic burden of the tax would have been borne by
A. renters, because the demand for land is generally less elastic than its supply.
B. renters, because the demand for land is generally more elastic than its supply.
C. landlords, because the demand for land is generally less elastic than its supply.
D. landlords, because the demand for land is generally more elastic than its supply.
Answer: D
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The labor supply curve shifts when
a. employers need to hire more people. b. employers develop new technology. c. workers change the number of hours that they want to work at any given wage. d. workers become more productive.
The provision of the Patient Protection and Affordable Care Act (ACA) which states that, with limited exceptions, every resident of the United States must have health insurance that meets certain basic requirements is the ________ provision
A) employer mandate B) state health insurance marketplaces C) individual mandate D) regulation of health insurance