Taxpayers would be better off if a tax could just raise revenue without ______
a. altering the relative prices they face
b. altering their preferences for a good
c. tax shifting
d. any income effects
a
Economics
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Describe at least three of the key concepts in economics introduced in Chapter 1 of the textbook that define how an economist views the world
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The incentive function of prices:
A. indicates that price increases bring forth more of that resource. B. is the idea that competitive markets will always clear. C. applies to all resources. D. only applies to land.
Economics