According to the U.S. National Safety Council, a person has a better chance of being killed in which of the following situations?

The more elastic the supply of a product, the more the actual burden of a tax on the product will:

a. fall on sellers. b. fall on buyers. c. fall equally on both buyers and sellers. d. create a smaller deadweight loss (or excess burden).

Payments that a firm makes to obtain needed resources comprise its:

A. Costs B. Profits C. Capital D. Revenues