One advantage of ad valorem taxes over unit taxes is that _____

a. the tax is more difficult to evade
b. the tax is easier to collect
c. the tax increases with inflation
d. the tax automatically adjusts for inflation

d

Economics

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Refer to the figure above. What is the total surplus after Barylia opens up to free trade?

A) $455 B) $800 C) $1,000 D) $1,200

Economics

In determining the benefit of additional investment to the representative firm, we consider the marginal product of

A) current capital. B) future capital C) current labor. D) future labor.

Economics