Quiz_190 - 126 Agovernment-_, A supply;left B demand;left C demand;right D supply;right 126 Answer A Diff:2 PageRef:606-607/606-607 To

Quiz_190 - 126 Agovernment-_, A supply;left B demand;left C...

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126) A government - imposed tax on soft drinks would shift the ________ curve for soft drinks to the ________, increasing the equilibrium price and decreasing the equilibrium quantity. A) supply; left B) demand; left C) demand; right D) supply; right 126) Answer: A Diff: 2 Page Ref: 606 - 607/606 - 607 Topic: The Tax System Learning Outcome: Micro 25: Discuss the economics of income distribution and discrimination AACSB: Reflective Thinking 127) The Center for Science in the Public Interest claims that an 8 - cent tax on a 12 - ounce serving of soda would raise ________ per year. A) $385 million B) $1.9 billion C) $11 billion D) $137.5 billion 127) Answer: C Diff: 1 Page Ref: 606 - 607/606 - 607 Topic: The Tax System Learning Outcome: Micro 25: Discuss the economics of income distribution and discrimination AACSB: TRUE/FALSE. Write ʹ T ʹ if the statement is true and ʹ F ʹ if the statement is false. 128) If the Gini coefficient for Cartland is 1, it means that income distribution is perfectly equal in this society. 128) Answer: True False Diff: 2 Page Ref: 601/601 Topic: Gini Coefficient Learning Outcome: Micro 25: Discuss the economics of income distribution and discrimination AACSB: Reflective Thinking 129) Holding all other factors constant, income earned from capital is more unequally distributed than income earned from labor.
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  • Spring '11
  • Lee
  • Economics, Harshad number, AACSB, Income distribution

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