The Russian government wants to reduce the consumption of vodka. A one hundred rouble tax on each bottle purchased may reduce the consumption of vodka under which circumstance(s)?
A) Vodka is an inferior good.
B) Vodka is a normal good.
C) Vodka is an inferior good and the taxes collected from this tax are rebated to consumers.
D) Vodka is a normal good and the taxes collected from this tax are rebated to consumers.
E) both B and C
Question 2
Refer to Figure 9.7. Without counting any government payments received by firms, as a result of this policy the producer surplus earned on the units sold in the market
A) rose by 15,000.
B) rose by 20,000.
C) rose by 40,000.
D) fell by 5,000.
E) fell by 45,000.
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
a) Using a soft pillow rather than a hard bolster under the knees will reduce pressure on the back ...
How to reduce simple ratios
One of the best ways to reduce your chances of catching a cold