Consider a good whose own price elasticity of demand is -1.5 and price elasticity of supply is 0.5. The fraction of a specific tax that is borne by producers is ________
A) 0
B) 0.25
C) 0.5
D) 0.75
E) 1
D
Economics
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The target rate of unemployment is:
A. always equal to the actual unemployment rate. B. changing but easy to estimate. C. constant. D. difficult to determine.
Economics
In 2007, remittances from illegal immigrants in the United States to Mexico
A. continued to rise because of the decrease in enforcement of immigration laws. B. continued to rise despite increased crackdowns on illegal immigration. C. began to fall despite a decrease in enforcement of immigration laws. D. began to fall because of increased crackdowns on illegal immigration.
Economics