Welfare recipients differ markedly from other Americans with respect to general personality characteristics, work ethics, and basic life goals

If bonds with different maturities are perfect substitutes, then the ________ on these bonds must be equal

A) expected return B) surprise return C) surplus return D) excess return

Deadweight loss is the

a. decline in total surplus that results from a tax. b. decline in government revenue when taxes are reduced in a market. c. decline in consumer surplus when a tax is placed on buyers. d. loss of profits to business firms when a tax is imposed.