Suppose the government of a town of 2,000 people implements a tax on each of its 2,000 citizens to raise $1,000 for a sculpture that will be placed in the common area of a 5-person neighborhood

Each of the 5 people in the small neighborhood will receive $120 in benefits from the sculpture. This tax is likely to A) generate a great deal of opposition from taxpayers.
B) generate a great deal of opposition from the 5 people in the affected neighborhood.
C) generate little opposition from a majority of its taxpayers.
D) generate the desirable social outcome.

C

Economics

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Refer to Table 2-8. What is Betty's opportunity cost of making a bench?

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What does a production possibilities frontier represent?

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