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Author Question: Under most circumstances, the application of taxes on goods will only affect who gets the goods. ... (Read 49 times)

Coya19@aol.com

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on: Jul 1, 2018
Under most circumstances, the application of taxes on goods will only affect who gets the goods.
 
  Indicate whether the statement is true or false

Question 2

Which of the following situations represents a trade-off?
 
  A) Each additional hour of leisure reduces Billy's consumption of goods by 15.
  B) Bob ate a slice of cranberry pie with one scoop of vanilla ice cream.
  C) Jill can afford either a sports car or a 4-year college tuition.
  D) A and C
Microeconomics ¦ Perloff ¦ 8th Edition
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macagnavarro

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Reply #1 on: Jul 1, 2018
Answer to Question 1

False. Taxes will affect which goods are produced, how goods are produced, and who gets the goods.

Answer to Question 2

D


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