1) Besides raising revenue, what is the most likely goal of government that enacts a per unit tax. a) to increase market competition. b) to correct for a positive externality c) to correct for a negative externality d) to encourage production of private goods. e) to increase profit and encourage production.
Kindly assist with the above two questions.
1) Besides raising revenue, what is the most likely goal of government that enacts a per unit tax.
a) to increase market competition.
b) to correct for a positive externality
c) to correct for a negative externality
d) to encourage production of private goods.
e) to increase profit and encourage production.
2) Country A can produce a gadget at a lower cost than any other producer of gadgets. As a result , Country A must have.
a) a superior gadget making technology
b) an
c) a
d) a constant
e) more factors of production devoted to gadget production than any other country.
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