Author Question: The government unit that wants to achieve revenue enhancement will find it considerably more ... (Read 50 times)

cabate · **on:** Jul 1, 2018

The government unit that wants to achieve revenue enhancement will find it considerably more favorable to enact an excise tax on goods whose demand is

A) highly elastic.
B) relatively elastic.
C) highly inelastic.
D) unitary elastic.

Question 2

In an indefinitely repeated game, a firm might use a ________ to ________ a rival that defects from a cooperative strategy.

A) trigger strategy; threaten
B) trigger strategy; punish
C) legal maneuver; sue
D) tacit threat; dissuade