Collusion is designed to limit competition in a market

What determines the proportion of a unit excise tax that will be passed on to consumers in the form of higher prices?

A) the nature of the projects funded by the tax B) the number of additional taxes that consumers have to pay C) the popularity of the tax D) the degree to which quantity demanded and supplied of the good respond to price changes

Which of the following statements is a normative as opposed to a positive economic statement?

A) Consumer spending generates more jobs. B) If the price of gasoline goes up, people buy less. C) Labor unions should be allowed to organize in every industry. D) Government intervention in markets is common in many countries.