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Author Question: Refer to above figure in which negative externality existed. The government imposes a 1.00 pollution ... (Read 93 times)

james

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on: Jun 29, 2018
Refer to above figure in which negative externality existed. The government imposes a 1.00 pollution tax on the producer. Supply shifts leftward.
 
  A) This tax will be shifted entirely to the consumer.
  B) This tax will be borne entirely by the producer.
  C) The amount of the tax shifted to the consumer depends on the consumer's reaction.
  D) The tax will be divided into equal amounts between consumer and producer.

Question 2

A graphical representation which shows the trade-off that occurs when more of one output is obtained at the sacrifice of another is called
 
  A) a Laffer Curve.
  B) a production possibilities curve.
  C) a bell curve.
  D) a supply curve.


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ktidd

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


james

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Reply 2 on: Jun 29, 2018
Wow, this really help

pratush dev

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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