113 review questions copy

113 review questions copy

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Unformatted text preview: s rise then tax receipts will fall. B. states that if tax rates rise then tax receipts will rise. C. plots the relationship between tax rates and tax receipts. D. has been discredited as a useful conceptual tool. 22. The goods and services most likely to yield higher revenue for higher tax rates are those that have A. elastic demand. B. inelastic demand. 39 Answer Key 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. B D B D B C C B B B B B B D D C B B D B C B * There is actually no such thing as the Federal Inheritance Tax. Canada does not impose inheritance taxes. 40 Economics 113 Introduction to Economics for Policy Analysis Review Questions Topic 9 1. A positive externality A. is a benefit associated with an action that is external to the agent taking that action. B. is a cost associated with an action that is external to the agent taking that action. C. is the difference between the private benefit and the private cost of an action. D. is the difference between the social c...
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This document was uploaded on 03/03/2014.

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