If the government decreases the tax on cell phones, ________
A) the deadweight loss decreases
B) the consumer surplus does not change because sellers will not lower the price of a cell phone
C) the number of cell phones purchased does not change
D) the market becomes less efficient because the government collects less tax revenue
A
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What was the official policy of the British colonies toward the practice of "squatting," or freely settling and cultivating the land?
(a) Squatting was encouraged as a way to promote settlement of the land. (b) Colonial officials discouraged squatting because the indigenous populations legally owned land. (c) There was no policy toward the practice of "squatting"; it was left to the individual settlers. (d) The official policy opposed squatting because it did not involve a formal transfer of ownership.
An increase in U.S. income relative to other countries' incomes will
a. decrease the supply of dollars on the foreign exchange market b. increase the demand for dollars on the foreign exchange market c. decrease the demand for dollars on the foreign exchange market d. increase the supply of dollars on the foreign exchange market e. increase the price of exports