How would the market for smartphones be affected if the government charged an excise tax of 5.00 on each smartphone sold?
A) The supply of smartphones would decrease.
B) The demand for smartphones would increase.
C) The demand for smartphones would decrease.
D) The price of smartphones would rise by 5.00.
Question 2
Public goods are characterized by the free-rider problem because
A) no one can be excluded from the benefits of public goods once they are produced.
B) public goods are usually things that people really do not want to consume.
C) public goods are characterized by the principle of rival consumption.
D) public goods can easily be subdivided into small units.
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
The path of the conveyor is complex and affected by deep ocean topography
The Brain and Alcohol As you consume more alcohol, additional areas of your brain are affected
Government in America: People, Politics, and Policy, AP
The constitutional division of Powers Between the National Government and the States