Author Question: If a tax is imposed on each unit of a good purchased, ________. A) the supply curve shifts to the ... (Read 67 times)

daltonest1984 · **on:** Jun 29, 2018

If a tax is imposed on each unit of a good purchased, ________.

A) the supply curve shifts to the right
B) the supply curve shifts to the left
C) the demand curve shifts to the right
D) the demand curve shifts to the left

Question 2

Which of the following is the most important advantage of using money rather than relying exclusively on barter?

A) The use of money encourages people to diversify and learn to do more things for themselves.
B) The use of money encourages people who want to exchange to become more closely acquainted.
C) The use of money lowers the cost of locating people with whom to exchange.
D) The use of money reduces opportunities for fraud and theft.
E) The use of money reduces selfishness because money in itself has no value.