Author Question: In the figure above, imposing a tax on the sellers of the product results in a division in which ... (Read 61 times)

B · **on:** Jun 29, 2018

In the figure above, imposing a tax on the sellers of the product results in a division in which

A) all of the tax is paid by the buyers.
B) all of the tax is paid by the sellers.
C) the buyers and sellers pay the same amount.
D) neither the buyers nor the sellers pay the tax.

Question 2

The opportunity cost of economic growth is

A) future consumption that a nation gets if it gives up some present consumption.
B) future consumption that a nation gives up to consume more today.
C) present consumption that a nation gives up to accumulate capital.
D) present investment that a nation gives up to increase its economic growth.